Budget 2024: TNB, Gentari and Tesla to invest over RM170 million on 180 EV chargers in Malaysia

Budget 2024: TNB, Gentari and Tesla to invest over RM170 million on 180 EV chargers in Malaysia

In an effort to improve the public fast charging infrastructure in the country, prime minster Datuk Seri Anwar Ibrahim said that leading companies are set to invest more than RM170 million to install 180 EV charging stations. In his Budget 2024 speech earlier today, he stated that the companies are Tenaga Nasional (TNB), Gentari and Tesla Malaysia.

No details on deployment timeframe or where they will be set up, but it is almost certain that the PM is talking about DC fast charging locations, based on the cost involved in the total set-up. Right now, there are 1,246 operational public charging points in the country, of which 239 are DC fast chargers.

At present, TNB has four DC charging points in operation, but has indicated that it plans to have 37 such locations in place by 2025. Meanwhile, Gentari presently has 34 DC charging points in operation, part of its network of more than 170 chargers across the country.

As for Tesla, the company is expanding its Supercharger charging network, which kicked off with the introduction of the Pavilion KL site. Back in July, a total of 12 locations were listed, including the recently launched Supercharger site at Sunway Big Box in Iskandar Puteri, Johor Bahru.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Casual reader on Oct 13, 2023 at 11:34 pm

    It is not an investment when only the rich benefits. That is crony capitalism unchained.

    Like or Dislike: Thumb up 1 Thumb down 7
    • Casual reading caused you to have casual thinking on Oct 14, 2023 at 11:40 am

      Then you shouldn’t complain if there aren’t enough available EV chargers when nobody wants to come up with the capital, just because you made them think that it will offend the poor by only benefiting the rich.

      Like or Dislike: Thumb up 6 Thumb down 0
  • Maxgil on Oct 14, 2023 at 2:36 am

    Would that investment goes to waste because after EV there will hydrogen fuelcell powered vehicles, Japanese automotive already been investing into hydrogen fuelcell research and development.

    Like or Dislike: Thumb up 1 Thumb down 1
    • The days of Japanese automotive are over. Now is the game of china, korean and american ev’s

      Hydrogen is dead in europe

      Like or Dislike: Thumb up 1 Thumb down 3
    • Autodriver on Oct 14, 2023 at 5:16 pm

      To be precise it is only Toyota highly concentrate on hydrogen fuel cell. Toyota hope other will join the fuel cell game but wrong bet. The 2 biggest markets US and China are highly promoting EV. Why fuel cell wasn’t success, it still need transportation of hydrogen and high pressure tank to store it. The cost of setting up hydrogen station is much higher than EV charging station. People blame that if EV caught in flame it is hard to rescue. But hydrogen leaking and explode it is worse than EV battery. In the US to get a Toyota Mirai fuel cell a full tank is USD85 which give about 480km. Meanwhile Model 3 full charge is USD12 and approximately 500km. Fuel cell is not cost efficiency.

      https://youtu.be/SRt1KOP9a2g?si=KZtN63fHNWueCe_i

      Like or Dislike: Thumb up 1 Thumb down 0
  • Everyone is talking EV EV EV on Oct 15, 2023 at 11:39 am

    EV is in thing now like AI without knowing much indepth about them

    The word AI already exists way back in mid 1980 thru BORLAND Turbo Prolog

    Will EV technology really solved the original problem of pollution? In the long ternm the answer is NO

    Like or Dislike: Thumb up 1 Thumb down 0
  • fur odc on Oct 16, 2023 at 4:52 pm

    That’s about RM 1 million per charger..!
    Why so expansive??!!

    Like or Dislike: Thumb up 0 Thumb down 0
 

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