Malaysia’s target is to have EVs and hybrids account for 20% of new car sales by 2030, 50% by 2040 and 80% by 2050. The figures were laid out by minister of investment, trade and industry Tengku Datuk Seri Zafrul Abdul Aziz.
He said that Malaysia has a competitive edge to attract more high-value investments, having developed a comprehensive ecosystem for EV and Next Generation Vehicles (NxGV, the term the government uses for electrified vehicles) industries.
“In getting the fundamentals right on our NxGV ecosystem, we are diligently building the necessary infrastructure to achieve our target of having EVs and hybrids account for 20% of new car sales by 2030; 50% by 2040 and 80% by 2050,” he said at the launch of the E-Mobility Asia 2023 event this week, reported by Bernama.
Zafrul said the government has a strong policy push, and over the past 50 years, Malaysia has developed a strong electrical and electronics (E&E) industry, mainly in semiconductors, which recent Covid-induced shortage greatly affected the automotive industry.
The senator revealed that Malaysia accounts for 7% of global semiconductor trade and 13% of global chip testing and packaging, which is a substantial share given our country’s size. Therefore, MITI and its agency MIDA (Malaysian Investment Development Authority) are strongly pushing for more semiconductor investments.
Our strength in E&E means Malaysia is well placed to capture a “good slice” of the ASEAN electric vehicle (EV) market, which is estimated to reach US$2.7 billion by 2027 from US$500 million in 2021.
“Malaysia has become a highly attractive destination in the region for all EV investors because of these established existing ecosystem advantages that are highly conducive for the development of EVs and its related components. These are compelling factors for big names such as Tesla to announce its entry into the country, joining global automakers like Geely, Chery and BYD from China, Hyundai from South Korea, as well as Mercedes Benz and BMW from Europe, that are already in the Malaysian market,” Zafrul said.
“We look forward to welcoming more multinational EV, NxGV and renewable energy (RE) investors to Malaysia to become our growth partners in developing a strong Malaysian EV supply chain to meet the needs of the regional and global market.
“Towards that end, we also hope to collaborate with our neighbours in ASEAN — whether they are from Thailand, Vietnam, Singapore, the Philippines or Indonesia — to complement each other’s strengths so we can capitalise on supply chains that have shifted directly on our doorstep,” he added.
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Seriously how hi are you when until today we still do not have end of life policy while Euro 1 cars are still present on the road without road tax & insurance so much better than any new EV cars.
I stay in apartment block so there’s no easy way to charge EV overnight.. unless car battery could be swapped just like phone battery with a fully charged one under 3mins.
wonder if roads need more cost in maintenance as battery EV are heavier than ICE counterparts which results in more wear and tear of the road?
You’re right. Our roads as it is couldn’t cope with normal cars so get ready to drive on lunar surface when this happens. Especially with the ‘not my department’ attitude in the goverment.
https://www.constructionnews.co.uk/sustainability/ev-pothole-threat-prompts-call-for-concrete-roads-30-06-2023/
Someone need to tell him to stfu dan berpijak di bumi yang nyata.
Doubters will say this is impossible, not practical, grid will collapse, etc. That’s because they think tech will stay at 2023 level forever.
In 40 years time, kids will find it hilarious when you tell them you had to charge your mobile phone everyday, and that your first EV needed 50 minutes to charge from 0-100% from a *FAST* charger and 7 hours from a slow charger and it could only go 400km and cost RM189,999 (probably RM1,000,000 in future terms). Renewable energy efficiency will also keep going up and cost down, especially solar, to answer the grid collapse naysayers.
Time will come when motors will be extremely cheap and more efficient, battery density will be multiples from now, use sodium or other non-rare materials and at least half as light. And those metrics will keep going improving. Oil will be even more rare then, average MPG of ICE cars went from 13.5 in 1966 to 19.5 in 1990 and it is around 22mpg now.
EV is the future, whether you like it or not. It’s like fountain pen vs ball point, mechanical watch vs quartz. 99% will choose what is practical, the other 1% will use fountain pens and mechanical watches, and pay for that privilege.
Sorry man. Supposedly want to give (but I wrongly click lol
What you said is correct. I agree with you. We need to look forward and embrace the future.
Should bring back some incentives for hybrid
Sell us a 2050 dream, while rakyat worries about how to get through 2024 with the news of cutting subsidy based on some black box mechasim thats less than tranparent.
talk so much craps for what…when want to abolish all ap and open up the car industry so rakyat can enjoy cheaper cars…….
this guy always talkok more
but still maintain system ap
All vehicles above 20yrs must scrap
Target? By 2040, we would be able to invade Europe and American continents.
Don’t talk cock sing song. Show us your plan for the next 3 months, 6 months, 1 year, 3 years and so on to make it happen. Talk is cheap especially when talking about more than 15 years in the future.
NATO No Action Talk Only. Why is government delay EV less than 100k? It seems EV is meant for the well to do.