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Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come

Shaun · Feb 16, 2023 10:22 AM

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 01

Present at the launch of the locally-assembled (CKD) Mercedes-Benz EQS 500 4Matic was Minister of International Trade and Industry (MITI), Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who announced that the government aims to provide 10,000 units of EV chargers by 2025 and targets 15 percent of TIV for electrified vehicles (xEV, hybrids included) by 2030.

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 02

“MITI expects that the domestic automotive industry will continue to be resilient and become a major contributor to the country’s economy by 2030,” Tengku Zafrul said.

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Also read: More power but at RM 50k lower price, CKD 2023 Mercedes-Benz EQS 500 4Matic is launched in Malaysia - from RM 648,888

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 01

“We are committed to drive the efforts of attracting investments in EV and achieve the national target of 15 percent of TIV for electrified vehicles including hybrids by the year 2030, and 30 percent of TIV by the year 2040.

“In terms of charging infrastructure, the government aims to provide at least 10,000 units of public charging facilities by the year 2025,” he added. Currently, there are about 900 EV chargers nationwide.

Also read: MITI: Malaysia on track to install 10,000 EV chargers by 2025, currently at 700

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 02

From left to right: Tengku Zafrul, CEO and President of Mercedes-Benz Malaysia Sagree Sardien

Tengku Zafrul said that the national EV task force led by MITI will - together with the relevant government ministries, government agencies, and private sector representatives – be established to carry out implementation of EV development strategies.

“The national EV task force’s main focus is to address the challenges faced by higher adoption of EV in the market, enhance EV charging infrastructure, and promote investments in the ecosystem.

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 03

“Notable initiatives which are still work in progress include improving the AP policies to facilitate EV importation, developing standards and improving procedures to establish the EV charging infrastructure as soon as possible, as well as attracting investors in the EV ecosystem including the assembly of critical EV components and aftermarket activities,” said Tengku Zafrul.

Tengku Zafrul: 15% of TIV for electrified vehicles by 2030, more EV-related incentives to come 04

He added that moving forward, EVs will continue to be the catalyst for the automotive industry as more funds, investments and tax incentives are geared towards the circular economy and green technology, and support Malaysia’s target of net zero Greenhouse Gas (GHG) emissions by 2050.

Also read: Tengku Zafrul visits Inokom plant, says Malaysia can be hub for ASEAN, to support EVs - and water is still wet

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Shaun

Writer

The quest for automotive knowledge began as soon as the earliest memories. Various sources information, even questionable ones, have been explored including video games, television, magazines, or even internet forums. Still stuck in that rabbit hole.

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