World

Malaysia proposes one-time subsidy for EV owners

The Ministry of Investment, Trade and Industry (MITI) of Malaysia has presented a proposal for a one-time subsidy for electric vehicle (EV) owners to boost the growth of this industry.
Malaysia proposes one-time subsidy for EV owners ảnh 1Deputy Investment, Trade and Industry Minister Liew Chin Tong (Photo: Bernama)
Kuala Lumpur (VNA) - The Ministry of Investment, Trade andIndustry (MITI) of Malaysia has presented a proposal for a one-time subsidy forelectric vehicle (EV) owners to boost the growth of this industry.

Deputy Investment, Trade and IndustryMinister Liew Chin Tong said on February 28 that the suggestion was presented tothe Ministry of Finance during the National EV Steering Committee’s meeting.

The Low Carbon Mobility Blueprint 2021-2030announced by the Malaysian Government in 2020 outlines a target to have 10,000EV charging stations by 2025 whereby 9,000 units are AC (alternating current)chargers and 1,000 units are DC (direct current) ones.

In 2023, the annual sales volume of new batteryEVs (BEVs) in the country increased by over 400% to 13,257 units compared to3,127 units in 2022.

As at December 31 2023, 2,020 chargingstations had been installed in 750 locations across the country, of which 1,591units are AC type, and the remaining 429 units are DC type./.
VNA
#Deputy Investment#Trade and Industry Minister Liew Chin Tong#Malaysia#electric vehicle#EV#Vietnam#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Malaysia’s trade, investment targets in 2024 achievable: official

Malaysia’s trade, investment targets in 2024 achievable: official

The trade and investment targets that Malaysia set for this year are achievable despite the ringgit’s current depreciation versus the US dollar, as many other major fundamentals remain attractive and appealing to global investors, said Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Malaysia to speed up investment implementation to boost economic growth

Malaysia to speed up investment implementation to boost economic growth

The Ministry of Investment, Trade and Industry (MITI) of Malaysia has announced that the country will speed up the implementation of approved investments to generate positive economic spillovers to domestic small and medium enterprises (SMEs) and the creation of 127,000 job opportunities for the people.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.