An electric vehicle (EV) is a type of vehicle that is powered by electricity rather than traditional internal combustion engines (ICEs) fueled by gasoline or diesel. EVs use electricity stored in batteries to power one or more electric motors, which drive the wheels and propel the vehicle forward.
In September 2021, Malaysia was actually making attempts to establish itself as a major player in Southeast Asia’s electric vehicle (EV) market. The Malaysian government has stated its intention to encourage the use of electric vehicles and has put in place a number of laws and measures to aid in the expansion of the EV market in the nation.
With the government actively supporting an optimal EV ecosystem and the strong corporate commitment demonstrated by two globally famous automakers, Geely and Tesla, Malaysia is on the right track to becoming an Electric Vehicle (EV) powerhouse in Southeast Asia.
The entry of Tesla Inc. and Zhejiang Geely Holding Group Co. Both with headquarters in the United States (US), into the Malaysian market, according to Mohd Shamsor Mohd Zain, president of the Malaysian Automotive Association, is a glaring indication of the nation’s importance in the region’s automotive landscape.
With their extensive international experience and access to the latest innovations, he stated that the two automakers could introduce novel concepts and methods of operation to the domestic automotive industry, such as high-tech Research and Development (R&D) in brand-new products that might not already be offered in the nation.
Electric Vehicle Significant Developments and Programmes in Malaysia:
- Government Programmes: The Malaysian government has launched a number of programmes to promote the use of electric vehicles. To increase the appeal of EV purchases to customers, this includes tax breaks and rebates.
- Charging Infrastructure: Attempts are being made to increase the charging infrastructure all around the nation. By ensuring that customers have access to easy charging choices, this is crucial for fostering the expansion of EVs.
- Local Production: A few Malaysian businesses have made plans to assemble electric vehicles locally or to work with foreign automakers to produce them locally. This shift to local manufacture sought to bring down the price of EVs and boost the domestic EV market.
- Research and development: Malaysia was spending money on energy storage systems and battery technology in the field of electric vehicles. These initiatives intended to promote innovation and advance EV technology.
As part of its plan to promote more environmentally friendly and sustainable transportation, Malaysia had been working on a number of programmes and legislation relating to electric vehicles (EVs).
The Significant Elements of Malaysia’s EV Policy
The Malaysian government gave subsidies and incentives to lower the cost of electric automobiles for consumers. When compared to conventional gasoline-powered automobiles, these incentives frequently included cheaper import fees and tax rates for electric vehicles.
Furthermore, the infrastructure for recharging electric vehicles is now being expanded. In order to do this, charging stations had to be set up in significant urban areas, on major thoroughfares, and in public parking lots. Making sure EV owners could easily access charging stations was the main objective.
Malaysia supported the local manufacturing and assembling of electric vehicles and related parts. Some local automakers and businesses were looking into joint ventures with foreign EV producers to set up assembly lines or produce EV parts in Malaysia. This strategy aimed to boost domestic EV industry growth and create jobs.
Malaysia was making investments in EV research and development, particularly in energy storage and battery technologies. These research initiatives seek to encourage innovation in sustainable transportation options and improve the competitiveness of Malaysia’s EV industry.
You can read full information:
- https://www.nst.com.my/news/nation/2023/07/934275/malaysia-track-be-electric-vehicle-powerhouse-southeast-asia
- https://blog.bigdomain.my/
- https://go.bigdomain.my/marketing
