Beyond the Roads: A Comprehensive Review of the Influencing Factors on the Effectiveness of Malaysia's Passenger Vehicle Industry within the Automotive Policy Framework

Abstract

Within the framework of the National Automotive Policy 2020, the purpose of this study is to evaluate the elements that affect the effectiveness of the passenger vehicle sector. The main objective of this study is to assess the elements that affect the effectiveness of the passenger vehicle sector. In this study, a complete literature review and an analysis of empirical data are used to investigate several aspects of economic, including government regulations, market demand, and technological advancements, The findings contribute to a deeper knowledge of the effect that the National Automotive Policy has had on the passenger vehicle and provide policymakers, industry stakeholders, and researchers who are interested in enhancing its efficacy with suggestions for improvement. In addition, the findings contribute to a better comprehension of the effect that the National Automotive Policy has had on the passenger vehicle industry.