Tag Archives: Miti

EV, NEWS

Government aims for 1,500 DC chargers by 2025

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The government through the Ministry of Investment, Trade and Industry (MITI) aims to increase its target for the installation of direct current (DC) fast chargers to 1,500 units by 2025.

In connection with this, MITI will collaborate with the state governments of Selangor and Johor to ensure that each district has facilities for electric vehicles (EVs).

According to Deputy Minister Liew Chin Tong, this is part of the initiative to maintain the target of 10,000 EV charging stations by 2025.

Currently, there are approximately 500 DC chargers nationwide.

He further stated, in response to a question from Khoo Poay Tiong (PH-Kota Melaka), that the government has implemented various initiatives to support the development of the EV ecosystem and local industry.

“As of September 30, 2024, a total of 33,319 electrified vehicles (xEVs), including hybrids, plug-in hybrids, battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs), have been sold, representing 5.11 percent of total annual sales. Additionally, 3,354 charging bays have been installed as of October 31, 2024,” he said.

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Hyundai Motor to open RM2.16b manufacturing plant in Kulim

Hyundai Motor has reportedly announced plans to open its first factory in Malaysia next year, with an investment valued at RM2.16 billion.

According to the Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Aziz, the investment will become the largest by the car manufacturer in the country and create numerous job opportunities.

“The RM2.16 billion investment from Hyundai Motor will enable Malaysians to purchase vehicles manufactured by Hyundai Motor at more competitive prices.”

Tengku Zafrul added that the government has set certain conditions for Hyundai Motor to incorporate domestic components in the vehicles produced.

“In this way, Hyundai Motor can manufacture vehicles at more competitive prices,” he stated.

The Hyundai Motor factory in Kulim, Kedah, is expected to commence production by mid-2025.

It will involve seven models, including hybrid and internal combustion engine (ICE) models.

“To start with, they will produce seven vehicle models with hybrid and ICE capabilities over the next five years.

“However, in the long term, it may also include the production of electric vehicles (EV),” he added.

NEWS

Govt to continue providing incentives for EV charging infrastructure development

The government has stated that incentives for the development of electric vehicle (EV) charging infrastructure will continue, even though these incentives were not specifically mentioned in Budget 2025.

According to the Ministry of Investment, Trade and Industry (MITI), among the incentives are Green Investment Tax Allowance (GITA) programme, which allows charging point operators (CPOs) who meet the tax incentive criteria to receive a 100% tax exemption in the form of an Investment Tax Allowance for five years.

This allowance can be used to offset up to 100% of statutory income for each tax assessment year.

“In addition, incentives in the form of income tax exemptions are also being offered to companies manufacturing EV charging equipment in the form of a full income tax exemption on statutory income from the assessment year 2023 until the assessment year 2032,” MITI said.

The ministry said this in a written reply on the Parliament website on Monday in response to a question from Tan Kok Wai (PH-Cheras) regarding the specific allocations for EV charging infrastructure development in the current budget.

MITI also said the government expects the total number of electric-powered vehicles (xEV) on the road to reach at least 400,000 passenger and commercial vehicles by 2030.

As of 30 September, the total annual sales rate for vehicles, including hybrids, plug-in hybrids, battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs), stood at 33,319 units. The overall figure for 2023 was 35,723 units.

Meanwhile, to support the development of EV charging bays (EVCB), the ministry noted that Petronas subsidiary Gentari and Tenaga Nasional Bhd have committed to making investments and had spent approximately RM76 million up to June 2024.

With the significant financial involvement of both companies, more EVCBs are expected to be built across Malaysia, supported by other CPOs that also provide EV charging services to the public.

“This positive development has helped boost the confidence of EV enthusiasts in purchasing and using these vehicles,” MITI added.

EV, NEWS

MITI to help Perodua produce Malaysia’s first sub-RM100k EV

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Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said that MITI will assist in producing Malaysia’s first electric vehicle (EV) priced below RM100,000.

Tengku Zafrul further remarked that the ministry is confident Perodua will achieve this target by the end of 2025.

“The reason why we want to assist and facilitate Perodua is because we want to make EVs affordable.

“Perodua has been in discussion with MITI, and we are optimistic with its plan of achieving its target by the end of 2025,” he said.

Details regarding Perodua’s EV have yet to be announced. However, the emo-1 (Electric Motion Online) prototype showcased in May offers some hints at the specifications of the finished product.

The prototype, built on the Myvi platform, is equipped with a 55.7 kWh battery pack, allowing for a driving range of up to 350 km. It features a front-wheel drive electric motor with an output of 161 hp and 220 Nm of torque.

Tengku Zafrul also said that as of September 2024, nearly 16,000 battery electric vehicles (BEVs) had been registered in Malaysia, surpassing the approximately 13,000 units registered in 2023.

“This positive momentum brings us closer to our target of achieving 20 per cent EVs of total industry sales by 2030,” he stated.

On charging infrastructure, he mentioned that in just three months, 565 new chargers have been added, bringing the total number of public charging stations to nearly 3,200 by the end of September.

“We aim to have 10,000 public chargers, reducing the ratio of chargers to EVs to one-to-nine (1:9) by the end of 2025” he added.

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Bumiputera companies can apply for Open APs from July 1

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The Ministry of Investment, Trade, and Industry (MITI) has announced that, effective July 1, Bumiputera companies can begin applying to be appointed as Open AP companies to venture into vehicle importation and sales in Malaysia.

According to MITI, the initiative is aligned with its efforts to improve inclusiveness and transparency in the open AP application process. The applications are open to any Bumiputera company, including those that have never been involved in automotive activities.

The implementation of this policy is expected to attract more Bumiputera companies to participate in the automotive industry and increase competitiveness.

The main requirements include the company being a ‘sendirian berhad’, 100% Bumiputera-owned, having a minimum paid-up capital of RM1 million, and being in operation for at least two years.

Interested Bumiputera companies seeking to apply can refer to the guidelines, application form, and checklist provided at MITI’s website.

MITI further emphasized that the primary government objective is to strengthen the socio-economic agenda of the Bumiputera by providing opportunities for more competitive Bumiputera entrepreneurs to engage in the automotive sector.

The effective implementation of the Open AP policy since 1970 has successfully produced viable Bumiputera companies, not only in the segment of importing and selling vehicles but also in key activities along the supply chain such as after-sales services, insurance and logistics.

The policy is one of the policies related to Bumiputera that is still maintained until now and is important to achieve the target of 30% ownership of equity in the national economy as outlined under the New Economic Policy.

EV

Perodua’s affordable EV to enter mass production late 2025

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TENGKU Datuk Seri Zafrul Abdul Aziz has announced on social media that Perodua is scheduled to begin mass producing its first electric vehicle (EV) at the end of 2025.

According to the Minister of Investment, Trade, and Industry, this is in line with Perodua’s appointment to lead the production of affordable EVs under the New Industrial Master Plan 2030 (NIMP 2030).

Zafrul went on to say that Perodua has collaborated with an ‘international automotive company’ to develop an EV prototype.

“Thank you to Perodua for assisting Malaysia in advancing electric vehicle technology and strengthening sustainable mobility in Malaysia,” he said.

On November 29, Perodua announced it’s targeting electric and hybrid vehicles to contribute up to 20% of total new car sales by 2030.

Perodua President and Chief Executive Officer, Datuk Seri Zainal Abidin Ahmad said that the sales figure could be achieved “if all industry players can work together.”

“We are collaborating with the government and other partners. We have also been appointed in the new industrial plan to lead the development of EVs in Malaysia.

“We need to produce new products. We have not finalized the production timeline, but the government’s target – 20 percent by 2025 or 2030 – will become a reality if all parties cooperate,” he said.

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20 percent of vehicles sold in Malaysia are EV as of 2030 – Tengku Zafrul

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The government has set a national target where 20 percent of Malaysia’s annual new car sales will consist of electric vehicles (EV) by 2030, 50 percent by 2040, and 80 percent by 2050.

According to the Minister of Investment, Trade, and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz, this is to accelerate the National Automotive Transition Plan (NETP) launched in August this year.

“MITI’s commitment to propel Malaysia forward in the electric vehicle revolution can be seen through the National Automotive Policy 2020 (NAP2020).

“NAP2020 provides the local automotive industry with a clear direction for future readiness, through the development of next-generation vehicles including energy-efficient and environmentally friendly EVs,” Zafrul said.

Meanwhile, Malaysia has recorded strong growth in EV sales every year, and the government is optimistic that this positive momentum will continue until the end of 2023, according to Zafrul.

So far, Malaysia has registered over 100,000 electric vehicles.

“More than 12,000 battery electric vehicles (BEVs) have been registered since 2011, with the number of BEVs registered just this year alone exceeding 9,000 units,” he said in his speech at the early launch of the Malaysia Autoshow 2024 (MAS 2024) recently.

For the first 10 months of 2023, Malaysia’s vehicle sales recorded strong growth, increasing by 11.6 percent to nearly 647,000 units.

Tengku Zafrul said he believed that electric vehicles would be a catalyst for Malaysia’s manufacturing industry exports.

“Therefore, there is great potential in next-generation vehicles that require more components, for example, semiconductor composites, chip components in today’s cars, and even hybrid cars contain around 1,500 chips in a single car,” he said.