ASEAN KEY DESTINATIONS
PM Malaysia: ‘Electric cars on the roads soon’
In the push for green energy, Malaysia had to be on the path to sustainable energy and the cheapest and easiest way to cut carbon, he said at the 3rd International GreenTech and Eco Products Exhibition and Conference at the Kuala Lumpur Convention Centre yesterday.
And in the transport sector - the second-biggest driver of energy demand in the country - he hinted a future for electric vehicles.
“We must push ahead with the electrification of public transport.”
“In the long term, we would like to match the energy consumed by the electric vehicles with renewable power generation to achieve a truly sustainable public transport infrastructure, with zero emissions.”
On the consumer level, he provided insights that electric cars may well be a staple on Malaysian roads in the not too distant future.
“Once there is a clear signal from the government that the low-carbon transition is underway, markets will then start pricing zero-carbon vehicles accordingly, and more consumers will start buying them.
“I believe we have the potential to become a regional hub for electric vehicles with a vibrant, world-class industry,” said Najib.
reiterated the recently-reviewed National Automotive Policy to
stimulate investments in electric vehicles with research grants and tax
incentives, including a 120 million ringgit (US$39.22 million) funding
to Proton for the development of hybrid vehicles.
He said energy efficiency could save the country 14 billion ringgit in Gross National Income by 2020.
the global front, $211 billion (648 billion ringgit) were invested in
renewables in 2010, five times more than 2004. And last year, for the
first time, investment in renewables outstripped investment in fossil
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