Malaysia's EV landscape is starting to get more interesting. With tax-free incentives for fully imported (CBU) EVs ending on 31 December 2025, the next few weeks are likely the last opportunity to secure relatively low prices for imported EVs. So, we have listed some of the best CBU EV deals available now, why they are worth considering, and what to expect next year on the CKD front.
What is a CBU EV?
In case you didn't know, CBU (Completely Built-Up) EVs are electric vehicles that are fully manufactured and assembled in another country before being imported into Malaysia. Since they arrive ready to drive, they often come with higher prices due to shipping costs and import taxes. These cars are usually limited in supply and may include premium features not yet available in locally assembled models.
So, if you want to take advantage of the current tax-free window, these are some of the most attractive imported CBU EV deals available in Malaysia as of late 2025.
BYD Atto 2
Price range: Starting at around RM100000 on the road without insurance, it is among the most affordable imported EVs available.
Promo deal: Launch promotions included special financing offers under the "New Atto 2 Launch" programme.
Why you should consider it: If affordability is your priority, Atto 2 is among the last true "budget-friendly" imported EVs before taxes push prices up next year. We are a fan of its premium design as it looks similar to a modern-day Honda CRV. So, that's pretty neat.
iCaur 03 (CBU EV)
Price range: Around RM119800 - RM129800 on the road without insurance.
Promo deal: Early-bird buyers get 1 year of unlimited JomCharge charging plus a free home Wallbox charger. Warranty: 7 years/150000 km for the vehicle, 8 years/160000 km for the battery and drive unit.
Why you should consider it: Featuring a more unique Jeep-like look, it's an EV that stands out from all the other curvy SUV-like EVs in the market. If you prefer to drive off-road and venture into various terrains, this EV should provide the adventure you seek. The spacious interior design is a massive bonus for families who like the outdoors.
iCaur V23
Price range: Around RM119800 - RM132800 on the road without insurance.
Promo deal: First 1000 buyers receive a free 7kW home charger plus an extended warranty up to 10 years/200000 km.
Why you should consider it: One of the few EVs that have been designed for an off-road experience, this is the EV to get if you like camping and the outdoors. Like the other iCaur in this list, it offers a more retro look that is unique compared to the slew of curvy SUV-like EVs in the market.
BYD Atto 3 (2025 Ultra or updated variants)
Price range: Around RM123800 - RM167800
Promo deal: One of Malaysia's top-selling EVs in 2025. Previous promotions included rebates of RM20000 for certain variants.
Why you should consider it: It provides a solid mix of range, features, and usability at a more accessible price point than many premium EVs, given its family-friendly build and specs. We believe the price is good value for your money. Its durability and practicality make this EV a strong pick for this year.
Tesla Model 3 (Highland/current generation)
Price range: RM169000 - RM229000
Promo deal: Trade-in bonuses of up to RM 7500 for petrol cars, zero-per cent interest financing, and fast-track seven-day delivery for qualifying orders.
Why you should consider it: The Model 3 remains one of the strongest overall value propositions in the EV market, thanks to Tesla's charging network and global support. Plus, the Instant Acceleration feature is a great addition for speed and smooth driving enthusiasts.
Tesla Model Y
Price range: RM195450 - RM288000
Promo deal: Trade-in bonuses of up to RM 15000 and attractive financing programmes for buyers who finalise orders before the tax holiday ends.
Why you should consider it: Ideal for those who prefer an SUV body style or need more space than a sedan can provide. Buying within 2025 helps you avoid the upcoming pricing reset. If you are a huge Tesla fan who loves a car with sporty vibes, this is the time to get it.
BYD Sealion 7
Price range: RM183800 - RM200000
Promo deal: A cash rebate up to RM10000, limited to a certain number of units.
Why you should consider it: A practical option for buyers who want an EV with SUV comfort, interior space, and family-friendly practicality. With CBU incentives still active, this model is more attractive now than it will be after 2025. The price could be a deterrent, but the premium feel and user experience justify its price tag.
Zeekr 009
Price range: Around RM299800
Promo deal: Free 22kW Wallbox charger & installation, V-Kool solar tinting, and extended warranties (5yr/150k km vehicle, 8yr/160k km battery) with purchases.
Why you should consider it: This is the "Alphard Killer" everyone is talking about. The Zeekr 009 undercuts its petrol rivals by a massive margin. While Zeekr has plans to assemble cars in Tanjung Malim, that production line is not churning out volume just yet. Buying a CBU unit in 2026 could mean paying a hefty premium for the exact same car.
What is a CKD EV?
To recap, CKD (Completely Knocked-Down) EVs are vehicles that are shipped to Malaysia in parts and then assembled locally. This approach reduces import taxes and makes the cars more affordable for buyers. CKD production also supports the local automotive industry by creating jobs and developing manufacturing capabilities. While CKD EVs might sometimes have fewer features than CBU models, they often provide better value for money.
CKD EVs to look forward to in 2026
As buyers rush to secure CBU EVs this year, 2026 is expected to bring a wave of CKD EV launches. Continued tax incentives until the end of 2027 will encourage brands to increase local assembly, which helps shift the market away from imports. Check out our list below:
Proton e.MAS 5
Price range: Around RM60000 - RM80000 on the road without insurance.
Promo deal: Early booking costs only RM99 with extra perks like an RM500 rebate on booking fee and a preloaded Touch 'n Go card.
Why you should consider it: Currently one of Malaysia's most affordable EVs in 2025, like the other e.Mas, the e.Mas 5 units are CBU, with CKD units expected to arrive in 2026. In terms of practicality, it's the equivalent of a Myvi due to its family-friendly design and efficient driving experience. We might even see even lower price ranges for this EV in 2026, so if you're on a budget, this is the EV to wait for next year.
TQ Wuling Bingo EV
Price range: Around RM62800 - RM73000
Promo deal: A free 7kW home charger, a free portable EV charger, and free premium window tint. Low monthly instalments starting from RM625 and an exclusive rebate of RM5000 (Limited time launch offer).
Why you should consider it: The Bingo EV is great for those who want an easy and budget-friendly way to switch to electric driving. With its compact size, practical features, and attractive launch deals, it is positioned as a good option for first-time EV owners in Malaysia. Again, due to its size, it's a direct competitor with the Proton e.Mas 5.
Perodua QV-E
Price range: Targeted below RM80000 on the road + RM275 monthly Battery-as-a-Service for 9 years
Promo deal: Pre-launch booking and official promotions are limited, but Perodua aims to launch with a battery-as-a-service model.
Why you should consider it: As Malaysia's first completely homegrown EV, complete with a Battery-as-a-Service-like lease, it sets the foundation for other locally made Malaysian EVs, but the Battery-as-a-Service may be jarring for some. On the one hand, it challenges the traditional concept of ownership. But on the other hand, it's a more comprehensive EV battery management for those who expect to own an EV longer than just 9 years.
Proton e.MAS 7
Price range: Around RM105800 - RM119800.
Promo deal: Early-bird rebates were up to RM4000 for Prime variants. Booking perks included a preloaded RM100 Touch 'n Go card for the first 5000 customers.
Why you should consider it: This EV offers a larger range and more space with competitive pricing for a locally branded EV. In our opinion, its comprehensive safety features make it a very viable option for families in Malaysia. Currently, all units in 2025 are CBU, but prices may see a drop once it goes CKD in 2026.
More CKD EV brands coming to Malaysia in 2026?
Image from Paul Tan
Quite a few EV makers have plans to make CKD EV factories here in Malaysia. They include BYD, MG, iCaur and TQ Wuling. BYD will begin assembling EVs at a new plant located in Tanjung Malim, Perak. MG is preparing to begin local assembly at a new facility operated by EP Manufacturing Berhad in Melaka. The first model to be assembled will be the MG S5 EV, a practical electric SUV aimed at the mass market.
iCaur Malaysia also has plans to start local assembly in Malaysia by January 2026 at Chery's plant in Shah Alam. At the same time, the company is expanding its sales and service network across the country, aiming to have 18 showrooms in operation by the end of September 2025, including several full-service centres. Further expansion into East Malaysia is also planned later in the year.
Then there's China's SAIC GM Wuling Automobile. Together with Tan Chong Motor Holdings, the two companies will begin local assembly of the TQ Wuling Bingo EV in Malaysia in December 2025. The cars will be assembled at Tan Chong's plant in Segambut, Kuala Lumpur. This will be Wuling's first locally assembled EV in Malaysia, and the finished vehicles are expected to reach buyers by the end of 2025 or early 2026.
Xpeng Malaysia is another maker that is considering local production. Although the company hasn't revealed much, it has been conducting feasibility studies for local assembly. It's said that Xpeng plans to start CKD operations by the end of 2026.
With local production, these brands are expected to offer more competitive pricing compared to fully imported CBU EVs. CKD assembly also helps shorten waiting times and improves the availability of spare parts, which will appeal to buyers who want an affordable and easy-to-maintain EV here in Malaysia.
Moreover, commercial EVs are also part of Malaysia's CKD expansion. NexV Manufacturing and Global NEV Technology have agreed to assemble a Wuling-branded electric van locally, with production targeted for early 2026. This should also offer SMEs a good EV logistics option.
Tips for potential EV buyers (Especially for those in Klang Valley, Selangor, and Cyberjaya)
If you want a proven EV with established support and can afford an imported model, consider securing your CBU EV before the end of 2025. Next year, prices will definitely rise by several thousand ringgit. However, if you prioritise affordability and long-term practicality, waiting for 2026's CKD EV wave might be the better choice.
Before purchasing, you might want to check stock levels, delivery timelines, and promo conditions. Some incentives only apply if registration is completed before year-end. Stock may decline rapidly in December as buyers rush to secure CBU units before incentives expire.
What are your thoughts about this? Which EV are you eying? Share your thoughts in the comments below and stay tuned for more news and updates like this at TechNave!
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