Malaysia’s most affordable electric vehicle has just become even cheaper as Perodua has announced a significant reduction in the price of its first battery-electric vehicle (BEV), the QV-E, with the company passing on savings generated through higher local content production and improved manufacturing efficiency.
Previously priced at RM99,900 for outright ownership, the QV-E now carries a new official price tag of RM93,999. However, as part of a limited-time promotion running until 30 September 2026, customers can purchase the EV for just RM87,499.
For buyers opting for Perodua’s Battery-as-a-Service (BAAS) programme, the QV-E’s standard price has been revised from RM75,900 to RM69,999, while the promotional price stands at RM63,499. The monthly battery subscription fee has also been reduced from RM275 to RM215, inclusive of tax.
Why is the QV-E suddenly cheaper?
According to Perodua President and CEO Dato’ Sri Zainal Abidin Ahmad, the price reduction is a direct result of the company’s success in increasing localisation across the QV-E supply chain.
Perodua and its local vendor network have managed to produce a larger proportion of the vehicle’s components domestically, reducing dependence on imported parts and overseas supply chains.
The move not only lowers production costs but also strengthens Malaysia’s automotive ecosystem by supporting local suppliers, preserving jobs, and improving spare parts availability.
One notable benefit is the localisation of body components, allowing Perodua to build a stronger inventory of replacement parts and improve aftersales support for customers.
At the same time, production capacity has surpassed 500 units per month, enabling the company to achieve greater economies of scale and further optimise manufacturing operations. Instead of retaining those savings, Perodua says it has chosen to pass the benefits directly to consumers.
Existing owners will also benefit
Current QV-E owners will not be left out as Perodua confirmed that existing customers will receive a special refund, while those enrolled in the BAAS programme will automatically enjoy the lower monthly battery fee of RM215, down from RM275 previously.
The revised monthly payment will take effect from their next billing cycle, with Perodua representatives contacting affected customers directly.
What does the BAAS package include?
The BAAS scheme was introduced to address one of the biggest concerns among EV buyers — battery ownership and long-term replacement costs.
Under the programme, Perodua retains responsibility for battery management throughout the nine-year leasing period. The package includes battery protection coverage, insurance, disposal management, and battery replacement if required.
For customers who choose to purchase the QV-E outright, Perodua also offers to buy back the battery at the end of its service life, helping to reduce concerns surrounding battery disposal and residual value.
Up To 445km Range
The Perodua QV-E is powered by a 52.5kWh Lithium Iron Phosphate (LFP) battery pack and carries a five-star ASEAN NCAP safety rating.
Perodua claims a driving range of up to 445km based on the NEDC cycle, making it one of the longest-range EVs available at its price point.
The company says the QV-E is designed to comfortably handle mid- to long-distance journeys without requiring frequent charging stops, a factor that can also help preserve long-term battery health.
A stronger value proposition
With the promotional price now dipping below RM90,000, the QV-E becomes one of the most accessible electric vehicles on sale in Malaysia today.
More importantly, the price reduction wasn’t achieved through discounts or inventory clearance. Instead, it reflects Perodua’s growing localisation capabilities and its ability to manufacture more components locally while scaling up production.
For Malaysian consumers considering the switch to EV ownership, the QV-E’s lower entry price, reduced battery subscription fee, long driving range and comprehensive battery management package make an already compelling proposition even harder to ignore.
