Business

We need to bring in more affordable EVs: Miti

Cars coming in Q2 will be priced as low as RM120,000, says industry deputy sec-gen

Updated 3 years ago · Published on 18 Feb 2023 11:14PM

We need to bring in more affordable EVs: Miti
In terms of electric vehicle charging infrastructure, Datuk Seri Norazman Ayub says the government aims to provide at least 10,000 units of public charging facilities by 2025. – ABDUL RAZAK LATIF/The Vibes file pic, February 18, 2023

PETALING JAYA – The International Trade and Industry Ministry (Miti) is encouraging the introduction of more affordable electric vehicles (EVs) in Malaysia in order to advance the country’s EV industry.

Its industry deputy secretary-general, Datuk Seri Norazman Ayub, said there will be EV cars coming to Malaysia in the second quarter of this year priced from as low as RM120,000.

“We have now encouraged the importation of more EVs particularly from China, because we want to have more EVs that are affordable for the rakyat,” he said during his keynote speech at the 70th platinum anniversary dinner of the Electrical and Electronics Association of Malaysia.

In terms of charging infrastructure, Norazman said the government aims to provide at least 10,000 units of public charging facilities by 2025.

“We will be working with highway concessionaires such as PLUS Expressways Bhd for the charging stations.

“We want to invite any particular investor to invest in charging stations to be part of the development of the EV ecosystem,” he added.

Previously, Miti minister Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia is committed to attracting investments in the EV industry and achieving the national target of making electrified vehicles, including hybrid, account for 15 per cent of the total industry volume by 2030.

Tengku Zafrul said the government is prioritising the development of the EV ecosystem and the Local Government Development Ministry’s Town and Country Planning Department is also drafting a circular to facilitate the approval process of charging stations at the local government level. – Bernama, February 18, 2023

Related News

Malaysia / 1w

Plans underway to set up financial hub on Pulau Jerejak

Malaysia / 5mth

Eight PKR MPs urge government to officially confirm cancellation of ART

Malaysia / 6mth

MACC opens IP on mega RM1.1b government deal

Malaysia / 1y

Former MP calls for clarification over imposition of 25% tariff by US

Malaysia / 1y

Umno yet to receive official resignation from Tengku Zafrul, says sec-gen

Business / 1y

MITI accused of stealing designs for pavilion at World Expo without credit, payment

Spotlight

Malaysia

Puteri Umno distances itself from viral Threads post

By Alfian Z.M. Tahir

Malaysia

MACC drops orange detention attire for court remand cases after PM’s call

World

Man jailed six years for keeping Indonesian woman as slave in Melbourne home

Malaysia

Emergency declared in Serian as haze reaches hazardous levels (UPDATED)

Malaysia

Haze in Serian enters emergency phase

Malaysia

Death sentence for deaf, mute man who killed family of four upheld

Malaysia

Retired army officer with Datuk title charged with alleged sexual assault of golf caddie

Heritage

Penang first state to recognise Hungry Ghost Festival, cemeteries as heritage

You may be interested

Business

Robo.ai reports US$180m revenue following QC Capital acquisition

By Alfian Z.M. Tahir

Business

BNM holds OPR at 2.75% as Malaysia set for 5% growth

Business

Budget 2027 should unlock business investment, expand Malaysia’s productive capacity - FMM

Business

Keep power use below 600kwh, get RM100: TNB launches energy-saving campaign

Business

10 per cent tariff by US not a safe ceiling, must act now – industry expert

Business

Oil prices holds above US$90 as Iran conflict revives supply fears

Business

Oil prices heads for 10% weekly surge as Strait of Hormuz risks mount