More EV-related incentives in revised Budget 2023 — minister - MIDA | Malaysian Investment Development Authority
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More EV-related incentives in revised Budget 2023 — minister

More EV-related incentives in revised Budget 2023 — minister

05 Jan 2023

More electric vehicle (EV)-related incentives are in store in the revised Budget 2023, said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim will table the revised Budget 2023 in the Dewan Rakyat on Feb 24.

“The Government is looking forward to announcing more EV-related incentives in the revised Budget 2023,” said Nik Nazmi at the memorandum of understanding signing ceremony between Cyberview Sdn Bhd and Roda Emas Industries Sdn Bhd on the development of a smart mobility ecosystem in Cyberjaya here on Thursday (Jan 5).

Then finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz tabled a RM372.3 billion Budget 2023, the largest allocation in Malaysia’s history, on Oct 7, 2022.

Three days later, Parliament was dissolved to make way for the 15th general election on Nov 19.

After the Unity Government was formed, the Dewan Rakyat on Dec 20 unanimously approved a RM107.72 billion operating expenditure, and the Consolidated Fund (Accountable Expenditure) Bill 2022.

Nik Nazmi said that through incentives provided by the Government for EVs in 2022, the number of registered EVs had increased to over 2,000.

He said Malaysia, through the Low Carbon Mobility Blueprint 2021-2030, aims to install 10,000 EV charging points by 2025.

“Currently, more than 900 public EV chargers are installed by various charge point operators in Malaysia.

“To support the current and future growth of EVs in terms of charging infrastructure, regulations and standards are being updated to ensure the safety of these premises,” he said.

Nik Nazmi added that the Energy Commission had developed the EV charging system licence, and recommended the charge point operators involved in developing such infrastructure in the country to immediately obtain a valid licence for installation no later than March 31 this year.

In a separate statement, Cyberview and REISB said that their collaboration would leverage each other’s strengths, knowledge, networks, and capabilities in developing a smart mobility ecosystem that is centred on creating and fortifying the EV infrastructure, adoption of electromobility, and improving energy management in Cyberjaya.

“The partnership will also see Cyberview and REISB explore potential collaboration for the expansion of EV charging stations and management systems to other strategic locations in Malaysia,” they said.

Source: Bernama