PETALING JAYA: Demand for Japanese car brands Toyota, Honda, Mazda and Mitsubishi has declined slightly in the past three years, says investment, trade and industry minister Johari Ghani.
Johari said this was potentially due to the government encouraging the purchase and use of electric vehicles (EVs) through various incentives since 2022.
He said these incentives attracted several new carmakers such as BYD and Tesla to enter the Malaysian market, directly affecting the sales of Japanese brands that did not offer EVs.