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số đề la gì:Bumpy road for EV sector

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KUALA LUMPUR: It is still a bumpy road ahead for a significantly higher and more meaningful uptake in the electric vehicle (EV) adoption in Malaysia.

This is due to the various factors that is affecting the current EV manufacturing supply chain internationally, coupled with the high acquisition costs of such vehicles locally since these are imported and priced in US dollar, say industry observers.

However, they generally opined that there have been some progress on the infrastructure front with several parties such as Tenaga Nasional Bhd (TNB), which is building chargers along key highways nationwide.

“We play a major role (in building the chargers) because electricity is going to be the fuel for the EVs and without it, they cannot run on the roads.

“Being the biggest electricity provider in Malaysia, this role is becoming even more important,” said TNB’s project director for EV, Mohd Junaizee Mohd Noor, at the second series of Invest Malaysia – The Road to EV organised by Bursa Malaysia and Macquarie here yesterday.

“TNB is going to be very actively involved in the infrastructure side of things.

“Soon you will see a network of TNB chargers along the highways and the major trunk roads, which we hope will support the proliferation of EVs in Malaysia.

“Along the North-South Expressway, there are only about six or seven chargers now and this will soon grow to almost 20 by the end of this year,” Junaizee added.

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Despite a growing charging infrastructure, he said there were other challenges to the wider adoption of EVs in the country.

“The prices of EVs are high – but we also need to look at the overall lifecycle costs compared to the internal combustion engine vehicles.

“It may be a bit more expensive (initially) but the savings will be there as the vehicle is used in the long run,” Junaizee said.

Meanwhile, Green EV Charge Sdn Bhd chief operating officer Huzaimi Nor Omar said the high starting price point for EVs is the biggest barrier for widespread adoption of these vehicles now.

“According to the Invest Malaysia forum’s survey, people are very sensitive to the price point of these vehicles.

“When I was doing a study previously, we did a pricing profile of car buyers – for RM150,000, it actually consists about 25% of the Malaysian market while for more than RM200,000, it is about 5%.

“And most of the EVs today are actually priced above RM200,000,” Huzaimi said.

He said it is necessary to move this price point lower to make EVs more affordable to the masses.

“If we can go to RM70,000 or less, this actually covers close to 50% of the Malaysian market. With additional incentives and policies to support this, we can perhaps get more demand for EVs on the road,” Huzaimi added.

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