M'sia needs to shift focus to EV incentives : vimarsana.com

M'sia needs to shift focus to EV incentives


Electric vehicle sales global
PETALING JAYA: Malaysia’s low carbon mobility blueprint, which has indeed sparked interest in the country’s vehicle electrification ambitions, might not be forward-looking enough to drive its Asean electric vehicle (EV) target.
An analyst said Malaysia is still trailing its regional counterparts when it comes to pursuing the EV agenda.
“Neighbouring countries such as Thailand, Indonesia and Singapore are making huge strides in defining their EV plans and are successfully attracting large-scale foreign direct investments.
“Malaysia, on the other hand, is still largely focused on incentives that promote internal combustion engine vehicles (ICEVs). We need to shift that focus if we want to attract more investors within the EV space, or we will risk losing out to our regional peers, ” he told StarBiz.

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