Understanding the Resale Value of Electric Vehicles (EVs) in Malaysia

As electric vehicles (EVs) become more popular across Malaysia, many car owners are starting to ask:

Does an EV have a lower resale value compared to a petrol or diesel car (ICE vehicle)?

Let’s explore the data, comparisons, and key factors affecting resale value so you can make an informed decision.

Top 3 Key Takeaways:

1. EVs currently depreciate faster than ICE cars in Malaysia, especially within the first 5 years.
2. Battery health, charging access, and brand support play a major role in an EV’s resale value.
3. Mobee Cars can help you sell your old car easily, whether you’re buying your first EV or just upgrading.

What Is a Resale Value?

Resale value refers to how much your car is worth when you decide to sell it, relative to its original purchase price. In Malaysia, resale value is typically calculated as a percentage of the original value after a set number of years — usually 3, 5 or 10 years.

Typical Resale Value of an ICE Vehicle in Malaysia

For internal combustion engine (ICE) cars, the average depreciation rate in Malaysia is:

1. 30–40% after 3 years
2. 50–60% after 5 years
3. Up to 70% after 10 years

These figures vary by brand, model, mileage, and maintenance record.

EV Resale Value vs ICE Vehicles

So how do electric cars compare?

According to recent Malaysian used car data:

1. EVs tend to depreciate faster in the first 3–5 years than ICE vehicles.
2. This is due to battery degradation, limited charging infrastructure, and rapid tech advancements making older EVs feel outdated.

However, not all EVs are the same. Premium brands like Tesla or BYD may retain value better due to brand trust and battery quality.

What Impacts the Resale Value of an EV?

Several factors can influence how well your EV holds its value:

1) Battery health & warranty

1. Battery replacement is expensive, so buyers look for good battery condition and long warranty coverage.

2) Charging network availability

1. A wider network improves usability, which in turn boosts resale interest.

3) Government incentives

1. Tax breaks or road tax exemptions for EVs may boost short-term demand, but they don’t always reflect in long-term resale value.

4) Brand and aftersales support

1. Cars from brands with strong service centres and parts availability hold value better.

5) Technology obsolescence

1. EV technology changes quickly. An older EV might lack newer efficiency or software features, affecting desirability.

Is Buying an EV Still Worth It in Malaysia?

That depends on your priorities.

1. If you're aiming for eco-friendliness, lower running costs, and new tech, EVs still offer great value.
2. However, if you're concerned about long-term resale value, do your research carefully before committing.

Check warranty lengths, battery replacement costs, and whether your area has sufficient charging infrastructure.

What Is the Best-Selling EV in Malaysia?

As of 2024, some of the best-selling EVs in Malaysia include:

1. Tesla Model Y
2. BYD Atto 3
3. Ora Good Cat

These models generally have better resale prospects due to wider brand recognition and stronger aftersales networks.

Final Thoughts: Should Resale Value Stop You from Buying an EV?

Not necessarily. While resale value is an important consideration, it’s only one part of the total ownership cost. Fuel savings, maintenance cost reduction, and government incentives often help offset faster depreciation.

🚗 Thinking of selling your current car to switch to an EV?

Whether you're selling a used petrol car or an EV, Mobee Cars Malaysia makes the process fast and hassle-free:

✅ Free vehicle inspection

✅ Nationwide buyer network

✅ Transparent and fair pricing

Get started today on Mobee Cars Malaysia.