Malaysia proposes one-time subsidy for EV owners

The Ministry of Investment, Trade and Industry (MITI) of Malaysia has presented a proposal for a one-time subsidy for electric vehicle (EV) owners to boost the growth of this industry.

Thursday, February 29, 2024 11:24

Malaysia proposes one-time subsidy for EV owners ảnh 1

Deputy Investment, Trade and Industry Minister Liew Chin Tong (Photo: Bernama)

Kuala Lumpur (VNA) - The Ministry of Investment, Trade andIndustry (MITI) of Malaysia has presented a proposal for a one-time subsidy forelectric vehicle (EV) owners to boost the growth of this industry.

Deputy Investment, Trade and IndustryMinister Liew Chin Tong said on February 28 that the suggestion was presented tothe Ministry of Finance during the National EV Steering Committee’s meeting.

The Low Carbon Mobility Blueprint 2021-2030announced by the Malaysian Government in 2020 outlines a target to have 10,000EV charging stations by 2025 whereby 9,000 units are AC (alternating current)chargers and 1,000 units are DC (direct current) ones.

In 2023, the annual sales volume of new batteryEVs (BEVs) in the country increased by over 400% to 13,257 units compared to3,127 units in 2022.

As at December 31 2023, 2,020 chargingstations had been installed in 750 locations across the country, of which 1,591units are AC type, and the remaining 429 units are DC type./.

VNA

#Deputy Investment #Trade and Industry Minister Liew Chin Tong #Malaysia #electric vehicle #EV #Vietnam #Vietnamplus #Vietnam News Agency Malaysia

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