Malaysia EV Charger Market 2022-2027. Petronas ev charging station

MALAYSIA EV CHARGER MARKET

A piece of technology that provides electricity to electric cars is known as an EV charger. Its primary responsibility is to refuel an EV’s battery so that it can continue to run.

Due to the increasing demand for electric and alternative fuel cars throughout the world, the market for EV chargers is anticipated to expand significantly in the coming years.

The FOCUS has turned to the use of clean and green energy due to growing worries about carbon emissions from automobiles, climate change, and rising air pollution. This is a significant aspect that has increased the demand for electric cars.

MALAYSIA EV CHARGER MARKET SIZE AND FORECAST

The Malaysia EV Charger Market accounted for XX Billion in 2021 and is anticipated to reach XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

To know more about Malaysia Electric Vehicle Market. read our report

MALAYSIA EV CHARGER MARKET DYNAMICS

In order to address the nation’s rising need for electric car charging infrastructure, Huawei Malaysia and KVC Industrial Supplies have partnered to deliver EV chargers.

Last weekend, when Huawei’s APAC Digital Innovation Congress was taking place, the memorandum of understanding (MoU) was signed in Singapore.

The procurement and deployment of the EV chargers will be handled by KVC as the primary buyer and fulfilment partner, while Huawei Malaysia will serve as the technology supplier and provider of product training.

The MoU would provide both parties with the chance to use and combine their technologies to advance low-carbon mobility. than 150 charge stations have been marketed and installed by KVC in residential, commercial, and industrial locations countrywide as of this writing.

Go by City Energy (Go), an electric vehicle (EV) charging service, has been introduced by Singapore-based City Energy. It intends to provide a smooth operating service across Singapore and Malaysia using only one smartphone application.

In order to expand charging connections into Malaysia, Go will fund, manage, and maintain a network of EV charging stations.

This network will be backed by Go’s mobile app and strategic relationship with EV Connection Sdn. Bhd. EV Connection is a leader in electric car charging solutions in Malaysia and a distributor authorised to sell EV charging stations registered with Suruhanjaya Tenaga, CIDB, Tenaga Nasional Berhad, and MyHijau.

Working with several vehicle manufacturers, EV Connection is a TÜV SÜD certified EV charger installation. The stations are currently predominantly found in residential complexes in Malaysia and Singapore.

RECENT DEVELOPMENT AND INNOVATION

Gentari, a developer of clean energy solutions, has recently received formal recognition. The company, which belongs entirely to Petronas, launched the brand. The business wants to be a one-stop shop for clean energy solutions, starting with a range of hydrogen, renewable energy, and green mobility options for business, industrial, and retail clients.

malaysia, charger, market, 2022-2027

In order to scale up production of low carbon hydrogen, it also wants to create up to 1.2 mtpa of hydrogen by utilizing expertise in major project development, beginning with projects in Malaysia. As part of its green mobility fleet, it has already supplied over 250 electric two- and three-wheelers to India and Malaysia, as well as more than 190 charging stations.

Originating in Hong Kong, Cornerstone Technologies is a pioneer in EV charging whole solutions and is now expanding into Malaysia. A number of DC chargers that are expected to be available by the end of this year have marked its entry. Following its success in Hong Kong, Cornerstone Technologies is eager to enter the Malaysian market and is certain that it can achieve the same level of success there.

Open Charge Point Protocol (OCPP)-compliant AC (Alternating Current) and DC (Direct Current) chargers are available from Cornerstone Technologies. Charge Point Operators (CPO) and EV drivers can access real-time charging data and other access capabilities with the linked platform, giving them peace of mind and flexibility.

Tenaga Switchgear (TSG) soft launched its domestically produced DC fast charger at its Kota Damansara offices before launching it properly. All EV owners are currently welcome to use the 120 kW charger, which has dual CCS2 nozzles, for free during business hours on weekdays because it has been installed on the property.

Although TSG has changed the base Level 3 charger’s design from its GB/T charging standard leanings to a CCS interface, the charger itself is actually made in China. A 200-1,000V voltage output and an IP54-rated enclosure are included in the minimum specifications. Users have stated that during charge trials, the unit’s current output reached a maximum of 200A.

Launching the nation’s first electric vehicle charger (EVC) manufacturing line is Mobility Werk Group Sdn Bhd (MW Group), a company with a 50-year history in the automotive sector.

The launch of the component was in line with the company’s goal to strengthen the Malaysian EV ecosystem through strategic partnerships that place an emphasis on localizing manufacturing and talent development in order to create a competitive supply chain ecosystem for Malaysia and the Asia-Pacific region.

The fact that Malaysia, like the rest of the world, is moving toward an EV industry suggests that the era of internal combustion engines, also known as “ICE,” will eventually come to an end. As the first charger and brand created in the nation domestically, this introduction would pave the road for their own EVC brand, which would go down in history.

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
21 Product installation rate by OEM, 2022
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 MA in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2022
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix

New Electric Pickup Trucks Will Push the Range Limits of BEVs

For the 2022 model year, there was a more comprehensive range of EPA-estimated ranges for all-electric cars compared to electric SUVs and pickup trucks. All-electric cars had ranges that ranged from 100 to 520 miles, providing consumers with a variety of options to choose from based on their driving needs.

Electric SUVs

On the other hand, electric SUVs had a narrower range of available ranges, falling between 180 to 350 miles. This narrower Band can be attributed to SUVs’ specific design and purpose, which often have larger bodies and may require more energy to operate. However, it’s important to note that these ranges are still quite impressive and can meet the needs of many drivers.

As for electric pickup trucks, limited models were available in 2022, resulting in a small range of available ranges. However, as more electric pickup truck models enter the market, the available ranges will likely expand.

The graph shows interesting pattern.

Evolving

The electric vehicle industry has been rapidly evolving, and automakers are investing heavily in developing electric pickup trucks due to their popularity and market demand. With advancements in battery technology and increased competition, we can expect to see a broader range of electric pickup truck models with varying ranges.

These ranges are EPA-estimated and can vary based on driving conditions, style, and other factors. Additionally, the information provided here is based on the knowledge available until September 2021, so there may have been new developments and releases in the electric vehicle market since then.

Conclusion

Electric vehicles (EVs) offer several advantages, such as environmental benefits, energy efficiency, lower operating costs, and the ability to integrate with renewable energy sources. They also provide excellent performance and acceleration due to their electric motors. However, some challenges include range anxiety, limited charging infrastructure, longer charging times, higher upfront costs, and limited model availability in specific vehicle categories.

Challenges

Despite these challenges, the electric vehicle market is rapidly evolving, and automakers are investing in the development of EVs to meet consumer demand and address these limitations. Advancements in battery technology and expanding charging infrastructure are helping to alleviate range anxiety and reduce charging times. Additionally, ongoing efforts to decrease the upfront cost of EVs through incentives and economies of scale make them more accessible to a broader range of consumers.

Overall, the pros of electric vehicles, such as environmental sustainability and lower operating costs, outweigh the cons for many individuals who prioritize these factors. As technology advances and the market expands, electric vehicles are expected to play an increasingly significant role in the transportation sector, contributing to a cleaner and more sustainable future.

Petronas ev charging station

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These brands are ready for Malaysia’s EV transition, here’s what they offer as of 2021

It’s apparent that Malaysia has been falling behind in phasing out petroleum vehicles for greener electric options. One reason points to the nation’s unclear goals for implementation through the National Automotive Policy (NAP) 2020.

The plan lacked specifics on incentives for industry players and was bundled with other types of energy-efficient vehicles (EEVs).

Previously, there were reports that a refined NAP for the electric vehicle (EV) industry would have been ready in July 2021. It was expected to include initiatives by the government to accelerate the adoption of EVs in Malaysia through financial incentives, tax levies, and more.

Despite the delay, there are already some players in the EV sector who are ready for the day that Malaysia sees wider adoption.

malaysia, charger, market, 2022-2027

Public charging stations

Hesitancy in using EVs can often be blamed on the lack of infrastructure. To encourage penetration, a proposal by the Malaysian Green Technology And Climate Change Centre (MGTC, otherwise known as GreenTech Malaysia) targets having 7,000 alternating current (AC) public charging points and 500 direct current (DC) charging points nationwide.

malaysia, charger, market, 2022-2027

DC charging points are faster (about 1 hour to fully charge a car) than AC charging points (about 8 hours for a full charge). Malaysia already has a few public charging stations available, albeit mostly in major cities.

chargEV by GreenTech Malaysia (MGTC)

MGTC, an agency under the Ministry of Environment and Water, has built its own charging network, chargEV. The charging points are compatible with most plug-in hybrid electric (PHEV) or battery electric (BEV) cars.

chargEV has a charging capacity between 3.7kW to 22kW across the network. Unfortunately, DC charging points are not yet part of chargEV’s network.

Where to find them: With 310 charging stations in Johor KL, Kedah, Melaka, Penang, Perak, Sarawak, and Negeri Sembilan, chargEV can be found in shopping malls, hotels, Petronas stations on highways, office parks, and KLIA airports. You can find the full list of its charging stations here.

The benefit: chargEV has an annual membership card which costs RM240, and cardholders can use chargEV’s facilities for free. While it may sound like a hefty upfront cost for a membership, you’d technically only be paying RM20 per month for unlimited charging.

Worth noting: BMW has its own ChargeNow network in Bangsar Shopping Centre in KL, Ramada Plaza by Wyndham in Melaka, Iconic Hotel in Penang, along with Weil Hotel and Banjaran Hotsprings in Ipoh.

The German brand holds a partnership with GreenTech where members of ChargeNow can also use chargEV’s network around Malaysia.

Reserve Shell Recharge

Reserve Shell Recharge bays came about as a partnership between ParkEasy, Shell Malaysia, BMW, and Sunway Group. ParkEasy is an app allowing users to reserve parking bays, and it built the Shell Recharge charging bays installed with BMW iWallbox Plus chargers in Sunway Pyramid with the help of Shell Malaysia.

These chargers use a Type-2 plug which is suitable for most PHEVs/EVs on Malaysian roads, and depending on which location you go to, they have a charging capacity between 3.7kW to 22kW. To encourage good charging etiquette and deter hogging, an hourly fee is charged based on the duration you’re parked, just like the rates you’d pay in ticketed parking facilities.

Where to find them: There are 18 of these charging stations across IOI City Mall, Lot 10, Sunway Pyramid, Sunway Velocity, and 163 Retail Park, to name a few.

The benefit: ParkEasy allows EV owners to book a charging station an hour before their arrival. Through its app, users can choose which mall they’re headed to, reserve a parking bay, and unlock a station to charge their EV. The cost of using its charging points varies with locations, and fees for each site will be displayed when you click on the in-app pricing bar prior to confirming a reservation.

As a ParkEasy user, you can also use the app to reserve spots at 11 EV charging bays in other locations where the startup has partnered with Porsche, Pestech, and chargEV.

Worth noting: Through a partnership with Porsche, 6 Shell stations will be equipped with DC chargers (180kW) around Malaysia. Each charging station will have 2 cables so 2 cars can charge simultaneously. The offering is expected to roll out in stages with 4 to be ready in the second half of 2021 and 2 additional stations by the first half of 2022.

Editor’s Update 06/08/21: Paragraphs in the above section have been edited to reflect greater factual accuracy based on clarifications from ParkEasy.

EV Connection (EVC)

Founded in 2016, EV Connection (EVC) works with shopping malls and property developers like EcoWorld, Skyworld, and GuocoLand so residential buildings can accommodate EV owners. EVC also provides charging equipment for users to install a charging port in their own residential homes.

As DC charging stations are scarce in Malaysia, EVC is working to fill the gap. As of April 2021, it was reported that EVC has deployed its network of DC charging stations along the North-South Expressway (NSE).

Where to find them: EVC’s DC charging stations can be found at Caltex petrol stations at the Ayer Keroh rest and service areas (RSA), the Bukit Gantang RSA, and the Caltex Skudai RR.

The benefit: For user convenience, EVC developed its own app, JomCharge. It lets EV owners locate available chargers nearby, start and stop the charging process remotely, and pay via the app.

EVC’s fast-charging station should juice up an EV to 80% within 30 minutes, costing RM1.20 per minute, but a member of the Malaysian Electric Vehicle Owners Club (MyEVOC) noted that this may be most useful only for pure EVs or BEVs.

Positioning DC charging stations on the NSE can reduce range anxiety for EV drivers travelling between major cities like Johor Bahru, Melaka, KL, and Penang. Though waiting 30 minutes to charge seems like a long time when compared to fueling up petrol, during long journeys, it could be a necessary break.

Did you know: Range anxiety is the electric vehicle owner’s fear that an EV’s battery does not have sufficient enough charge for the vehicle to reach its final destination or that a charge point won’t be available for charging “on the road.”

driivz

To add, charging an EV at public stations isn’t the only way to fuel up a vehicle like with petrol cars. Portable chargers from agents can also be installed to charge an EV overnight at home, much like charging your phone while you’re asleep. They’re also useful on the go, as long as there is access to a 3-pin socket along the journey.

You can find a list of Malaysian agents/installers for different portable chargers here.

EV distributors

There are only a few EV models you can buy within Malaysia itself, according to WapCar.my. Though the same source later mentioned in a report that the MINI Cooper SE 3-Door was also on sale, we were unable to find dealers which had it available.

Thus, we’ve only listed the 2 names that can be purchased in Malaysia as of August 2021.

Nissan showrooms

Currently in its second generation, the 2019 Nissan Leaf is a 100% electric car that comes with a starting price of RM181,263. It is said to be the cheapest EV in the Malaysian market so far.

Where to find them: A Nissan Leaf can be purchased from ETCM (​Edaran Tan Chong Motor) showrooms around the country. The full list of Nissan car dealers can be found here.

The benefit: Nissan is offering a subscription programme that allows EV novices to loan a Nissan Leaf for 2 years. For RM2,500 a month, the subscription includes a 20,000km/year mileage cap, complimentary maintenance services, and a wall box charger, amongst other things.

The subscription is beneficial for those who are considering owning an EV but are unable to commit due to high instalment plans or the initial down payment. Beyond test driving an EV, you can get proper hands-on experience of an EV lifestyle without full commitment.

Porsche Centres

The Porsche Taycan is targeting an upper luxury market with a price tag between RM584,561 for its basic Taycan to RM1,195,000 for its most premium model, Taycan Turbo S.

Where to find them: Purchasing a Taycan model can be made from Porsche Centres located in Ara Damansara, Sungai Besi, Penang, and Johor.

The benefit: The Taycan is meant for those attracted to the aesthetics, build, driving experience, and prestige that comes with owning a Porsche, without sacrificing speed and power, a stigma often associated with an electric car.

Other sources have also described the Taycan as a direct competitor to Tesla’s Model S, albeit with a shorter driving range. As Tesla cars are not easily available in the local market as of now, the Porsche Taycan could be a close alternative.

EV financing

One of the biggest hurdles to owning an EV is the lack of financial incentives provided by the government. As we await news on a detailed EV policy under the NAP promising economic benefits, the private sector is already preparing financing programmes for consumers.

CIMB Bank

CIMB is offering a CIMB Auto Financing Hybrid Financing for those purchasing a hybrid or electric car.

Where to find them: TBA.

The benefit: CIMB claims to provide a fixed rate interest starting at 2.34% per annum, which is 0.5% lower than conventional interest rates which are at least 2.85%.

While CIMB’s initiative lacks available details we could gather, The Edge reported that customers purchasing new hybrid vehicles will be offered minimum financing of RM70,000 and tenure up to 9 years.

Given that the cost of a Nissan Leaf is RM181,263, in the case where one is able to attain CIMB’s minimum RM70,000 financing, it would only contribute as a rough 38% loan for the car. However, the total loan amount banks provide highly depends on an individual’s income and credit score, so financial aid could go up much higher.

These are, of course, just basic calculations that overlook many more costs like road tax, insurance, and the like. Taking everything into account though, owning an EV appears to be a lifestyle still catered to the T20 group, or at least the higher class-M40 groups.

Malaysia still has a lot of catching up to do. Players in private sectors have already made their move, but it will be futile if the government itself does not come up with proper policies and a realistic, detailed roadmap for adoption.

Battling the COVID-19 pandemic takes precedence over pushing EV adoption, but that’s no excuse to not at least lay out a proper plan for growth the way our neighbours have done.

For example, Singapore’s Deputy Prime Minister Heng Swee Keat announced this year (2021) that the government will set aside S30 million over the next 5 years for EV-related initiatives.

Can Malaysia do the same? Only time will tell.

Will Malaysia Still Lead The Electric Vehicle Charge In The Southeast Asian Region?

I just returned from a trip to Malaysia to attend a road safety seminar, the launch of a new device, and to meet up with fellow motoring journalists in the region.

I asked road safety advocate and motoring journalist Shahrim Tamrin would it not be favorable for Malaysia, with its national car brands Proton and Perodua, to quickly jump into electric vehicles? Are the barriers to developing the EV ecosystem in Malaysia simply an inadequate supporting infrastructure? Is it the price of the vehicles? Or consumer awareness and demand? Why isn’t Malaysia, the country that started EV consciousness in the region, seemingly lagging behind?

After a few bowls of intoxicatingly delicious jalan doraisamy, a Malaysian mutton soup (I was told alcohol would have made it better but the only one we both knew is the rubbing kind), we delved into the topic of EVs in Malaysia.

Leading The ASEAN

Malaysia led the way among Association of Southeast Asian Nations (ASEAN) countries and in 2009 introduced amendments to its taxation system wherein imported hybrid vehicles will enjoy 100% import duty and 50% excise tax exemptions. The law applies to hybrid electric vehicles with petrol engines below 2,000 liters. This exemption was to end by 2011 and was revised to increase exemption of excise taxes to 100%. Then it extended it further to the end of 2013 in an attempt to increase the take up of HEVs.

In 2015, a company called Greentech Malaysia (Malaysian Green Technology Corporation) planned to set up 25,000 electric vehicle charging stations across the country by 2020. Today, only about 500 of the stations envisioned as part of its Electric Mobility Blueprint have been put up and a total of just above 600 charging stations of different kinds all over the country.

The new target now is to set up an additional 1,000 stations by 2025. These will be made up of DC chargers which can charge faster but are comparatively more expensive to build and maintain.

Significant to this discussion is the involvement of the national fuel retailer Petronas to include DC fast EV chargers at its stations starting with 10 for 2022. The fuel brand also inked a new partnership with Mercedes-Benz Malaysia (MBM) and EV Connection (EVC). EVC operates JomCharge network of charging stations.

Charging The Sales Side

Like any ecosystem froth with ICE vehicles and making a slow (and sometimes painful) transition of EVs, the buying of EVs in Malaysia increased not only with affordability (because of tax reliefs benefiting consumers) but also of the government’s efforts to encourage cutting down on carbon emissions in compliance to ASEAN Sustainable Development Goals aligned with the UN’s own SDGs.

Toyota brought the Prius to Malaysia in 2009, taking advantage of the tax break. Then it was Mitsubishi with its PHEV SUV line-up. Nissan came next but was not able to benefit from the full effect of the tax exemptions because only the import duties were removed. A 10% excise tax (which is much lower than the usual 75 to 100% for regular vehicles) was levied on the LEAF. The usual sales taxes remained.

However early this year, after the implementation of the Japan-Malaysia Free Trade Agreement proposals on exemptions, the LEAF now qualifies for full exemptions, except sales taxes.

companies were given perks and as a result Hyundai, BMW (including Mini), Mercedes-Benz, and Volvo now have a range of EVs in their showrooms. In 2018-2021, about 9,000 vehicles were added to the total 22,000 EVs registered in the country, according to an MDAP study. The Malaysian Automotive Association says the increase of the take-up of BEVs also comes with the development of more charging infrastructure.

malaysia, charger, market, 2022-2027

As in anywhere in the world, consumers are concerned with range, especially in this ASEAN nation with long roads and centers of commerce spread far apart. Of the total 31,000 registered EVS, more than 95% are PHEV. In 2021, however, due to more tax exemptions battery-electric sales increased to 8% or 2,480 cars. Comparatively, using total vehicle sales versus EV sales, the existing adoption rate is lower compared to Indonesia or Singapore.

On The Production End

Eclimo ES-11, a Malaysian-made, Malaysian-brand electric scooter. (Image courtesy of Eclimo)

If one lists the number of exemptions for import duties, excise, and sales taxes as well as incentives under the Electric Mobility Blueprint, the objective of which is to hasten electric vehicle popularity and utilization, one would think by now Malaysia would be an a major electric mobility marketplace in the region.

The government’s many incentives to attract more EV makers to create an EV assembly hub in Malaysia has not taken off as fast as expected. Malaysia is the 3rd largest automotive market in the ASEAN next to Indonesia and Thailand. Most of the region’s manufacturing comes from Thailand, but Malaysia is home to nearly 30 assembly plants, import processors for vehicles, and manufacturing plants for automotive parts and components.

In the 12th Malaysia Plan for 2021 to 2021, it revised its carbon neutral goals by 10 years to 2050 at the earliest. The automotive and transport sector — the biggest contributors to emissions — are expected to respond favorably to the call for carbon neutrality.

Towards the end of the pandemic in 2021, Malaysian EV technology company, Eclimo launched an electric motorbike called ES-11. It featured a nano-structured Battery Monitoring System (BMS) that keeps watch on battery health; sends out alerts when the battery voltage drops; and comes with a tracking and a mobile app controlled geo-fencing system. Eclimo plans to sell 1,000 units before the year ends and 5,000 units by the end of 2023.

In 2020, Malaysia’s national car brand Proton said it was not keen on EV manufacturing because it requires a huge investment to reconfigure the assembly lines and the return would not make it commercially viable. But in 2020 it began its EV journey by partnering with Smart, instead of rebranding a Geely-built car, which was sort of the original plan.

Called by its millennially-correct name #one (yes, pronounced ‘hastag one’) the car is a Mercedes-Benz product whose first venture was a micro city car that had a short popular run.

Since Proton’s involvement in this vehicle is purely a sell-and-service operation, keeping it feasible means investing in a charging network. Just last August 18, the company issued a statement that it will be collaborating with up to 8 local charging providers to set up the network. This may include plans of installing home charging units powered from the grid or via solar or wind sources.

In March this year, Volvo Malaysia (Volvo Car Malaysia Sdn. Bhd.,) said it would start completely knocked down assembly of XC40 Recharge Pure Electric. It will assemble and release at least one electric vehicle starting this year and produce at least one locally assembled EV every year until 2030. Volvo is the first car maker in Malaysia to have a PHEV in all segments.

Based on ASEAN free trade rules, the importation of CKD parts is subject to zero taxes. The EV line up will be assembled in Shah Alam, Selangor, and expected to bring additional employment to the region.

Delay, Not Lag

So has Malaysia lagged behind its regional peers?

Malaysia Automotive Robotics and IoT Institute (MARii) and the Malay Vehicle Importers and Traders Association of Malaysia (PEKEMA) believes it is catching up fast. The two groups, which have a very powerful influence over the development of the automotive sector, decided push development up two or three notches by signing a memorandum of agreement (MoA) towards the development of more EV infrastructure in the country. The plan is encouraging because the country has several important industries to back EV production and development — a strong semiconductor industry, copper mines, and copper wire manufacturing.

There are also plans to set up EV battery manufacturing in the country to complement what is to be the biggest regional battery plant in Indonesia. Both are to serve demands of Southeast Asia.

Here is a rundown of fiscal and non-fiscal incentives for EVs in Malaysia.

Complete cars imported from qualified countries are free from import duties and excise taxes until the end of 2023. This may be extended based on the agreements or developments that may ensue from the National Electric Mobility Blueprint in which the target is to have 125,000 EV charging stations by 2030. For EVs assembled in Malaysia, full import and excise duty exemptions will be applied as well as a waiver on sales taxes until the end of 2025. Non-fiscal incentives for EV buyers include road tax exemptions and over 500 personal tax exemption for EV charging hardware and services, including the purchase, installation, rental, and subscription fees of EV charging facilities, until the end of 2023.

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Raymond Gregory Tribdino is the motoring information technology editor of Malaya Business Insight (www.malaya.com.ph) in the Philippines. He has been covering automotive, transport, and IT since 1992. His passion for electric vehicles started with the failed electrification of a scooter in 1994. He wrote for EVWorld.com, one of the pioneer electric vehicle websites, in 1997. He was a college professor for 8 years at the Philippine Women’s University. He is also now a podcaster co-hosting for the Philippines’ top-rated YouTube tech site “TechSabado” and the baby-boomer popular “Today is Tuesday.” He is a husband and father of five, a weekend mechanic and considers himself a handyman, an amateur ecologist, and environmentalist. He is back to trying to electrify motorcycles starting with a plug-in trail motorcycle.

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