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

Prime Minister and Finance Minister Anwar Ibrahim will table the revised budget in the Dewan Rakyat on February 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 (REISB) on the development of a smart mobility ecosystem in Cyberjaya today.

The then finance minister Tengku Zafrul Abdul Aziz tabled a RM372.3 billion Budget 2023, the largest allocation in Malaysia’s history, on October 7 last year.

Three days later, parliament was dissolved to make way for the general election, which was held on November 19.

On December 20, the Dewan Rakyat unanimously approved the 2023 Mini Budget and the Consolidated Fund (Accountable Expenditure) Bill 2022.

Nik Nazmi said with the incentives for EVs in 2022, the number of registered EVs has increased to more than 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 the country,” he said.

“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.”

Nik Nazmi said the Energy Commission has come up with the EV Charging System licence and recommended charge point operators involved in developing infrastructure to charge EVs to obtain it no later than March 31.

In a separate statement, Cyberview and REISB said the 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. – Bernama, January 5, 2023.