Logistics sector best place to promote EV in ASEAN - Oyika - MIDA | Malaysian Investment Development Authority
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Logistics sector best place to promote EV in ASEAN – Oyika

Logistics sector best place to promote EV in ASEAN – Oyika

29 Jul 2021

The logistics sector is the best place to promote electric vehicle (EV) usage in ASEAN as it operates in targeted areas, said Oyika, a company that makes EV batteries and build charging stations.

Its founder and chief executive officer Jinsi Lee said the logistics sector should focus on equipping their fleets with EVs to initiate and enhance the usage of EVs in highly populated areas where delivery services are growing rapidly.

“For example, Jakarta has about 1.5 million delivery riders, if we can get this segment to use EVs as their mode of transport, this is how we introduce EVs into the market.

“The logistics sector is the best place to start promoting the usage of EVs because we know exactly where they go and where to put a charging station for the vehicle,” he said today in a webinar entitled “The rise of ASEAN EV” organised by Maybank Kim Eng.

Jinsi said the wider use of the EV in the logistics sector will lead to more charging stations for the consumer market, thereby expanding and simplifying the process of using the technology.

Meanwhile, Yinson Holdings group executive vice-president for new ventures and technology Eirik Barclay reckons that the adoption of EV in developing countries such as Malaysia will be quicker as the market for the technology is evolving.

“We have a huge business opportunity for EV in the region, and for me, it is really hard to see anyone not buying an EV after the year 2025. When people ask me if I think EV will reach 40 per cent penetration by the year 2030, I can say that I cannot possibly imagine anyone buying a non-EV by then,” he added.

Source: Bernama