Malaysia is on track to meet its target of maintaining 10,000 EV chargers by 2025, with a total of 2,214 charging stations already installed as of March 20, 2024.
This milestone marks a significant step towards creating a more sustainable transportation network in the country.
One key factor driving the growth of the EV sector is the demand for electric vehicles, which require at least 3,000 chips per car sourced from the electrical and electronics (E&E) sector.
This sector plays a crucial role in Malaysia's economy, contributing to 40 per cent of the country's manufacturing exports.
With the rise of EVs, the E&E sector is poised to further boost Malaysia's exports and drive economic growth.
The establishment of EV charging stations involves coordination between various agencies, including the Energy Commission and local authorities.
To streamline the approval process and reduce waiting times, the government is working to make the setup of charging stations more efficient.
This initiative aims to address concerns about lengthy approval periods and accelerate the development of a comprehensive charging network.
As the EV charging infrastructure continues to expand, it will help alleviate range anxiety and encourage more consumers to adopt electric vehicles.
Ultimately, a more widespread network of charging stations will support the growth of EV sales and contribute to a cleaner and greener transportation system in Malaysia.
With the right policies and investments in place, Malaysia is well-positioned to capitalize on the opportunities presented by the EV revolution.
By maintaining its commitment to sustainable transportation solutions, the country can drive innovation, fuel economic growth, and create a more environmentally friendly future for generations to come.
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QIC's/TfL & BCM/Singapore Training Consultant/Provider
3moThe garage looks so good, amazing technology with EV charging and staff quarters, true green credentials all round. Impressive!