Govt Aims To Attract RM20b EV Investments By 2025, MITI Minister

The Ministry of International Trade and Industry aims to attract RM20 billion in investments in electric vehicles (EVs) by 2025.

Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the ministry also targets for investments to rise to RM40 billion by 2030.

“We need to look at the EV ecosystem and the supply chain as a whole, and we will also discuss efforts to further strengthen the EV industry through further discussions with the task force,” he said after witnessing the signing ceremony between Artroniq Bhd and US-based Beno Inc here on Thursday (Jan 12).

He said the EV industry must be viewed holistically, including factors such as software, technical, equipment, engineering and others.

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