Malaysia crafts policy measures to bolster EV endeavour

KUALA LUMPUR (Feb 14): Malaysia, as one of the leading electrical and electronics (E&E) manufacturing hubs in Asean, is already taking steps to strengthen its electric vehicle (EV) position by crafting supportive policy measures.

International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the country was leveraging on its existing EV ecosystem and ensuring a solid talent pipeline.

"EVs are the intuitive solution for low carbon mobility and zero-emission vehicles, and the nascent global EV industry provides significant room for growth, particularly in Asean which has the potential to be both a manufacturing hub and market for EVs.

"All these bode well for investors looking to develop a viable and sustainable EV industry in Malaysia, while helping Malaysia achieve her net zero greenhouse gas emissions by 2050,' Tengku Zafrul said at the inaugural EV Conference 2023 here today.

The conference is organised by the Malaysian Investment Development Authority (MIDA) and the Malaysia Automotive, Robotics and IoT Institute (MARii).

Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad, who also attended, said his ministry had taken into account the importance of balancing energy demand and reducing carbon emissions.

This included the development of EVs and its ecosystems in Malaysia.

"The country aims to install 10,000 EV charging points by 2025 through the Low Carbon Mobility Blueprint, with up to 900 charging points at present.

"WE are also committed to increasing electricity generation from renewable energy sources through the Electricity Supply Generation Development Plan 2021-2039 while strengthening the grid and developing the Electric Vehicle (EV) ecosystem," he added.

MIDA chief executive officer Datuk Wira Arham Abdul Rahman is optimistic that electric vehicles will increase in popularity and become more widespread, particularly with the growing demand for environmentally-friendly transportation in the region.

He urged the industry players to take the initiative and increase the involvement of local companies in high-value-added activities in both the domestic and global supply chains.

MARii chairman Datuk Phang Ah Tong said EV Coference 2023 was especially significant on steering the growth of the EV industry in Malaysia and staying relevant to the global shift towards electrification.

Malaysia has pledged to become a nation with net-zero greenhouse gas emissions by 2050, as outlined in the 12th Malaysia Plan.

The government is also committed to driving the efforts of attracting investments in EVs and achieving the national target of 15 per cent of the total industry volume for EVs and hybrids by 2030.

Malaysia recorded more than 15,000 units of xEVs (plug-in hybrid, hybrid and full-battery electric vehicles) on the road in 2022.

Source: New Straits Times 

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