Although electric vehicle (EV) adoption remains in its early stages, Malaysia is making great strides, with a notable 64% increase in EV sales in 2024 compared to the year before.
The charging infrastructure has also been growing steadily. As of November 2024, there were more than 3,500 EV charging stations nationwide, and this is expected to rise significantly in the coming years. Those thinking of making the switch to a greener driving experience will find that it is the perfect time to do so, with the rapid growth of charging infrastructure and more EV choices.
If you are thinking of making that change, CIMB can help you make the switch effortlessly, with a host of end-to-end solutions ranging from attractive vehicle financing to savings when you charge your vehicle.
CIMB’s comprehensive EV financing solutions offer preferential auto financing rates from as low as 2.38% p.a, but the incentives don’t end there, because you’ll also enjoy 5% off on your EV insurance premium and complimentary EV (7-in-1) coverage.
Besides covering the legal liability of passengers (LLP) and the legal liability to passengers (LLOP), the insurance also provides for unlimited towing services for EVs and includes EV home wall charger coverage.
Should your EV be involved in an accident and needs repairs, you’re also covered by a Loss of Use Benefit of up to five days, which provides reimbursement on additional transportation costs due to your vehicle being in the workshop.
That’s not all, because the financing plan will offer you a RM1,500 discount on the purchase of an EVPower home wall charger as well as complimentary EV+ membership with EVPower, RM300 in charge credits, no idle fees, and a 10% extra wallet reload bonus, valid from February 1 to December 31, 2025.
On top of all this, you can look forward to savings when you pay for EV charging using a CIMB debit or credit card. Simply tap your CIMB debit or credit card at selected EVPower stations to get up to 15% off on charging services (valid from February 4 to December 31, 2025), and up to 22% off at selected TNB Electron stations (valid from January 24, 2025 to January 25, 2026). Meanwhile, CIMB PETRONAS Visa Infinite-i credit card users stand to get up to 12% in cash rebate through the Setel app, transactions and EV charging at PETRONAS stations.
If you’ve been eyeing a smart EV model, CIMB has an exclusive offering where you can enjoy savings on selected smart models – and get a complimentary smartCharge 22 kW AC home wall charger – with CIMB Preferred debit or credit cards. Enjoy RM8,000 off the smart #1 and #3 Pro, RM9,000 off the smart #1 and #3 Premium, or RM10,000 off the smart #1 and #3 Brabus (valid from May 6, 2025 to March 31, 2026).
Click here to find out more about EV financing solutions from CIMB. The promotion period runs from February 1 to December 31, 2025. Click here to find out more about CIMB sustainable deals.