Malaysia

Govt exploring ways to bring affordable EVs into local market: Nik Nazmi

Ministry also plans to include incentives in Budget 2023 to promote low-carbon future

Updated 3 years ago · Published on 14 Dec 2022 6:57PM

Govt exploring ways to bring affordable EVs into local market: Nik Nazmi
Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad is charging an electric vehicle at the Bangi Golf Resort EV Charging Station launching ceremony today. – Bernama pic, December 14, 2022

BANGI – The government will look into ways to bring affordable electric vehicles (EVs) priced less than RM100,000 into the local market to benefit the people, says Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

He said the prices of most EVs currently sold in the local market are beyond the means of most Malaysians.

“…Proton will bring in Geely vehicles in the near future…(but) if we can install the vehicles in Malaysia, maybe it will help us to offer EVs (at a) lower cost,” he said at a press conference after officiating at the Bangi Golf Resort EV Charging Station launching ceremony, where he handed over of the Energy Commission’s EV charging system public distribution licence here today.

The licence, Nik Nazmi said, was to ensure that the installation of EV charging stations is safe and regulated.

“(It is) because this industry is a growing industry. So, we want to make sure there are regulations and standards that should be fulfilled by charging facility providers.

“We know that if we do not scale up these charging stations, it will not support the EV expansion,” he said, adding that the ministry hoped that these stipulated standards would convince the public to buy EVs.

He said the expansion of the EV industry in the country was also part of the government’s efforts to achieve a low-carbon future.

When asked about incentives to own EVs, Nik Nazmi said the ministry would look to include them in the 2023 or 2024 budget, in addition to cooperating with automotive companies to bring more EVs that are affordable into the local market.

Regarding the details of the electricity tariff announced by Prime Minister Datuk Seri Anwar Ibrahim today, he said the matter will be announced soon. – Bernama, December 14, 2022

Related News

Malaysia / 2mth

Keeping fuel affordable in uncertain times

Off beat / 7mth

VMY 2026: Travel trade community must provide reasonable rates to lure tourists

Wellness / 10mth

Bayan Baru MP determined to make healthcare affordable to all

Malaysia / 1y

Sarawak’s AirBorneo to ensure affordable air travel, especially during peak periods

Malaysia / 2y

Forestry Dept found no illegal logging, encroachment in Ulu Muda, says Nik Nazmi

Business / 2y

A long road: Southeast Asia's complicated charge to develop EVs

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Malaysia

Anwar files suit against PAS’ Tuan Ibrahim over claims of police intimidation, royal interference

Malaysia

Rosmah granted conditional stay on RM67.5m jewellery payment

Malaysia

International drug syndicate recruited Portuguese passport holders as ‘cannabis mules’

Malaysia

Syed Saddiq warns Tabung Haji bailout burden could fall on future generations

Malaysia

Immigration immediately stops issuing passports with validity periods exceeding 10 years

By Alfian Z.M. Tahir

Malaysia

Anwar recovers from surgery, misses Tabung Haji RCI parliamentary debate

Malaysia

Selangor yet to finalise funding for RM3 billion Shah Alam Stadium redevelopment

By Alfian Z.M. Tahir

Malaysia

Haze: Putrajaya, Cheras record unhealthy API this morning