Top 6 Most Affordable Electric Vehicles (EVs) in Malaysia (Updated 2023)

Top 6 Most Affordable Electric Vehicles (EVs) in Malaysia (Updated 2023)

The allure of electric vehicles (EVs) in Malaysia is surging, as more drivers embrace the fusion of innovation and sustainability. This uptrend is fueled by Malaysia's commitment to reducing carbon emissions, with EVs playing a pivotal role. These futuristic vehicles offer a greener footprint by eschewing fossil fuels and slashing air pollutants, aligning with environmental conservation goals. Economically, EVs promise lower lifetime costs through reduced fuel expenses and maintenance needs, making them a prudent choice amidst fluctuating oil prices. As Malaysia progresses towards an eco-friendly future, the demand for EVs is poised to accelerate, steering the nation towards a more sustainable and economically beneficial horizon.

Overview of Affordable EVs in the Malaysian Market

In Malaysia, the affordability of electric vehicles hinges on several key factors. Government incentives, including rebates and tax exemptions, significantly lower the entry barrier for potential EV owners. The battery, the heart of an EV, also affects cost; larger batteries offer extended range but come with a higher price tag. Meanwhile, the inclusion of advanced features such as autonomous driving technology or upscale interiors can further elevate the price. However, with a range of options now available, Malaysian consumers can select an EV that balances these factors according to their budget and lifestyle needs. This landscape of choice heralds a new era where sustainability meets accessibility, driving the nation towards an electrified future.

1. Neta V - From RM 99,800


With a starting price of RM 99,800, the Neta V emerges as the most affordable electric vehicle in Malaysia. It's a compact five-seater that boasts dimensions comparable to the popular Perodua Myvi, catering to the urban commuter segment. The Neta V is equipped with a 70kW (94hp) motor that drives the front wheels, delivering 150Nm of torque. It offers peppy acceleration, capable of reaching 50km/h from a standstill in just 3.9 seconds, and a top speed of 120km/h. The 38.5kWh battery provides a substantial NEDC range of 380km on a full charge, which is impressive for its segment. Additionally, the vehicle supports both 6.6kW AC and up to 100kW DC fast charging, enabling a quick recharge from 30 to 80 percent in approximately 30 minutes. These features make the Neta V an attractive proposition for those seeking to enter the EV market without compromising on the essentials​.

2. BYD Dolphin - From RM 99,900


The BYD Dolphin makes a striking entry as the second most affordable EV in Malaysia, with its price range starting from RM 99,900 to RM 124,900. The base model of this dynamic standard range hatchback is set at RM 100,530. Buyers considering the base model are looking at a vehicle with a 44.9 kWh BYD Blade Battery, which supports regenerative braking, paired with a permanent magnet synchronous motor producing 94 hp and 180 Nm of torque. This setup allows for a modest acceleration of 12.3 seconds from 0 to 100 km/h and offers a driving range of 340 km, suitable for city commuting and occasional longer trips​.

In terms of comfort and convenience, the base model doesn't skimp on features despite its affordability. It comes with air conditioning, automatic climate control, rear A/C vents, and a 12.8-inch display that supports Apple CarPlay and Android Auto for seamless smartphone integration. Safety is also a priority, as the Dolphin includes lane-keeping support, a comprehensive airbag system, and parking sensors complete with a rear camera, ensuring peace of mind for drivers and passengers alike​.

The interior of the Dolphin is practical yet comfortable, with leather upholstery on the steering wheel and seats, providing a touch of luxury. The driver's seat is height-adjustable, catering to comfort over long distances, while the rear seats are foldable, offering versatility for cargo space when needed​.

Combining these features with LED lighting for both the headlamps and daytime running lights, the BYD Dolphin presents an attractive package for those entering the EV market. Its blend of efficiency, functionality, and affordability makes it a serious contender for cost-conscious consumers who do not wish to compromise on quality and driving experience.

3. Ora Good Cat - From RM 139,800


The Ora Good Cat's higher entry price, ranging from RM 139,800 to RM 169,800, is justified by its comprehensive suite of features and distinctive design. Available in four variants - Tech, Pro, Ultra, and Ultra G - each offers a progressive step in luxury and technology. The exterior boasts intelligent LED headlamps and a modern aesthetic with active air intake front grilles, while the interior is equipped with an electric handbrake, smart key system, a 10.25-inch touch screen, and sophisticated air-con with PM2.5 filter. Safety features are robust across all variants, offering everything from intelligent single pedal control to a full suite of driver assistance systems in the higher trims. With a maximum power output of 143 PS and a peak torque of 210 Nm, the Ora Good Cat provides a blend of performance and comfort, making its price a reflection of its quality and design excellence​.

4. BYD Atto 3 - From RM 149,800


Priced between RM 149,800 and RM 167,800, the BYD Atto 3 offers two variants, both equipped with a single-speed gear transmission and seating for five. This SUV stands out with a kerb weight of 2090 Kg and notable dimensions that provide a roomy interior and a comfortable ride​. The base model features a permanent magnet synchronous motor with a power output of 205 hp and 310 Nm of torque, along with a 49.92 kWh lithium-ion battery that affords a commendable range of 410 km per charge, appealing to those who prioritize range and power​.

The Atto 3's drivetrain is front-wheel drive, supported by a multi-link rear suspension and a MacPherson strut front suspension, ensuring a balanced and smooth driving experience. It rides on 215/60 R17 tires and incorporates ventilated disc brakes at the front and disc brakes at the rear, alongside an electric parking brake for added safety and convenience​.

The vehicle is well-appointed with LED headlights and taillights, enhancing visibility and adding to its modern aesthetic. The interior features include a 6-way adjustable driver seat, a 4-way adjustable passenger seat, and a 60:40 foldable rear seat, which adds to its versatility. Additionally, it includes a digital multi-function display and an audio touchscreen display, ensuring that the driver is well-informed and entertained on the go​.

5. Hyundai Kona Electric - From RM 149,888


The Hyundai Kona Electric starts at RM 149,888, presenting itself as a middle-ground option in terms of affordability among EVs in Malaysia. The Kona Electric is available in three distinct variants: the e-Lite, e-Plus, and e-Max. The e-Lite, as the base model, offers a 39.2 kWh battery pack and is priced at RM 149,888. Moving up the range, the e-Plus comes in at RM 169,888, and the top-tier e-Max is offered at RM 199,888, featuring a larger 64.0 kWh battery. Each variant caters to different driving needs and preferences, from the budget-friendly e-Lite to the long-range e-Max. This range provides consumers with the flexibility to choose a variant that best fits their budget while still offering the benefits of electric mobility​.



6. Renault Zoe - From RM 163,000


Positioned at the starting price of RM 163,000 in the Malaysian market, the Renault Zoe is not just an EV—it's a statement of progressive mobility. The Zoe has cemented its reputation as Europe's all-time best-selling plug-in electric car, with robust sales figures that have consistently placed it at the top since its launch. In 2015 and 2016, it was the best-selling all-electric car in Europe, and it continued to lead the broader plug-in electric car segment in 2016 and 2020​.

Its popularity in Europe is attributed to more than just its environmental credentials; the Zoe boasts technological advancements and a range that has evolved significantly since its introduction. By January 2020, it almost doubled its sales compared to the previous year, leading the electric car segment in key European markets, including France, Germany, Italy, Spain, and Portugal, with over 268,000 units shipped since its inception​.

In Malaysia, the introduction of the Renault Zoe has been met with anticipation, offering a valuable option in the realm of sustainable transportation. The latest version, launched two years after its European debut, brings increased power, extended range, and a suite of technological improvements. The new Zoe presents itself with a fresh aesthetic and is considered to offer great value as an electric vehicle​.

The Renault Zoe is available in two variants locally, the Zen R110 and the Intens R135. These variants are designed to cater to different needs and budgets, with the distributor TC Euro Cars providing a confirmed pricing for the Zen R110 at RM 165,000. This makes the Zoe an accessible electric vehicle option, reflecting the brand's commitment to offering efficient and environmentally friendly transportation solutions in Malaysia​.



In conclusion, the Malaysian EV market presents an intriguing array of affordable options, each with its unique advantages. The Neta V stands out for its exceptional affordability and practicality for urban commuting. The BYD Dolphin impresses with its balance of cost and features, offering a solid entry-level choice. Hyundai Kona Electric provides a variety of variants to suit different needs, while BYD Atto 3 dazzles with its range and advanced technology. The Renault Zoe brings European best-selling prestige and robust features to the local market, and the Ora Good Cat delivers on premium design and an extensive feature set. For budget-conscious consumers in Malaysia, these models signify a shift towards accessible electric mobility without compromising on quality or driving experience. 

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