Government’s Unwavering Commitment to Industry Development: Driving Growth and Sustainability
May 6, 2023
The government is committed to promoting a business-friendly environment and attracting investments in the automotive sector, both from foreign investors and Malaysian enterprises. The National Automotive Policy (NAP2020) focuses on developing new mobility solutions that are efficient, sustainable, and customer-centric, including energy-efficient vehicles (EEV), connected and autonomous vehicles, electric vehicles (EV), and alternative propulsion.
Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, highlighted the importance of incorporating the elements of Environment, Social, and Governance (ESG) into businesses. He emphasized that sustainable and greener practices, particularly in transportation, are crucial to achieving Malaysia’s net-zero carbon emissions goal by 2050, as outlined in the Twelfth Malaysia Plan.
YB Tengku Zafrul stressed the need for support to small and medium-sized enterprises (SMEs) and vendors in the evolving landscape of electrification. He mentioned that with the advancement of electrification, vehicle components will become simpler in assembly but more sophisticated in design and development. To ensure competitiveness, SMEs and vendors require access to technological expertise and research and development resources, enabling them to stay updated with the latest advancements and best practices in EV component design and manufacturing.
During the Soft Launch of Malaysia Autoshow 2023 (MAS2023), YB Tengku Zafrul expressed his support for the event, which serves as an important platform to educate and raise awareness about new automotive technologies, safety features, and lifestyle changes that may shape future mobility.
He also announced that Perodua will soon unveil the most affordable EEV-compliant car in Malaysia. Additionally, visitors to Malaysia Autoshow 2023 can benefit from the lowest interest rates offered by participating banks, CIMB and AmBank, for those interested in purchasing a car during the event.
