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Friday, November 1, 2024

Make EV charging stations nationwide grid property – Yeo


The federal government ought to think about together with charging stations as nationwide grid property to assist the proliferation of EVs in Malaysia, Puchong MP Yeo Bee Yin has stated, based on Bernama.

Deeming the connection between EVs and charging stations a “rooster and egg scenario”, she stated if there weren’t sufficient charging stations, individuals wouldn’t purchase EVs, and conversely, if there weren’t many EVs on the street, no firm would need to set up charging stations.

Whereas debating the 2025 Provide Invoice yesterday in parliament, Yeo urged that the price of putting in charging stations be borne by Tenaga Nasional Bhd (TNB) utilizing its capital expenditure (capex) for the upcoming fourth regulatory interval (RP4) of the Incentive-Based mostly Regulation (IBR), spanning 2025-2027.

Make EV charging stations national grid assets – Yeo

“By placing charging station set up underneath IBR, TNB would be the foremost executor and can subsequently have the ability to plan and set up public charging stations rapidly and effectively. Additionally, the cost-per-unit might be decrease as a result of economies of scale,” she stated.

All capex for the nationwide grid infrastructure is included underneath the IBR framework and is among the many parts used to set the bottom electrical energy tariff for Peninsular Malaysia, Yeo added.

She stated that if RP4’s capex equalled RP3’s at RM20 billion, the price of establishing charging stations would solely be 2.9% of the whole capex spent by TNB for the 2025-2027 interval.

Make EV charging stations national grid assets – Yeo

“Based mostly on my tough calculations, to succeed in the 10,000 charging station goal, we’d like about 7,500 extra. Let’s say 20% of those are DC chargers, which price round RM250,000 every, and 80% are AC chargers, which price about RM35,000 every, the whole price can be RM585 million. The query now could be, is it price investing? I believe it’s an enormous sure. It’s because the affect is big and constructive,” Yeo stated.

In the meantime, Yeo additionally urged the federal government to hurry up the tabling of the ‘lemon legislation‘, citing South Korea, america, Australia, Canada, Singapore and the Philippines as nations which have already carried out it.

“The lemon legislation provides the customer the suitable to hunt a refund or alternative if his/her car continues to be significantly problematic after a number of restore makes an attempt,” Yeo defined, including that 70% of Malaysians personal not less than one automotive and that the lemon legislation will enhance the standard of automobiles offered available in the market in addition to after-sales service.

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