KUALA LUMPUR: The government will ensure that electric vehicle (EV) ownership is available to all income groups through targeted subsidies and financi...
: The government will ensure that electric vehicle ownership is available to all income groups through targeted subsidies and financial assistance, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul AzizAt the same time, the government is also ramping up efforts to expand and enhance the country’s EV charging infrastructure.
He noted that the implementation of policies and initiatives has had a positive impact on the local automotive industry, reflecting the government’s commitment to developing a holistic EV ecosystem in the country. “Furthermore, investments in our EV industry have reached an impressive RM26.2 billion from 2018 up to March this year,” he said.
“This is important because there is no point in having thousands of EVs on the road if Malaysia is not ‘greening its grid’ fast enough by developing more and more Renewable Energy sources,” he said, noting that the NETR aims to accelerate investments in grid infrastructure, with incentives for RE development.
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