The Malaysian government, in alignment with the Madani Economy Framework, aims to promote electric vehicle (EV) ownership across all income groups. Tengku Zafrul, the Investment, Trade, and Industry Minister, reveals plans to facilitate this through targeted subsidies and financial assistance while expanding the EV charging infrastructure.
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The country has seen a significant surge in registered EVs, surpassing 7,500 units in September 2023 compared to an average of 300 units in previous years. Investments in the EV sector have also soared to RM26.2 billion since 2018. This effort complements the National Energy Transition Roadmap 2030 for a sustainable future.