The Budget 2024 announcements made today paints a promising future for Electrified and Sustainable Mobility in the country. In our efforts to drive our commitment to more Sustainable and Responsible mobility here, we are inspired by the forward-thinking move by Malaysians who have displayed remarkable enthusiasm for this new movement, technology, and innovation.
This aligns perfectly with the BMW Group’s vision for Malaysia in the coming year to shape, lead, and future-proof the Malaysian automotive landscape, underscored by the introduction of a range of all-electric vehicles and innovative solutions and practices in the ESG space.
As such, we welcome the newly announced allocations in Budget 2024 that underpin the government’s commitment to our shared vision of Electrification and Sustainability. The government’s effort to boost the development of the local electric vehicle (EV) industry and promote public acceptance of EV usage, represents positive measures that are expected to enhance the pace of Electrified Mobility adoption in the nation.
Looking to the future, the need to accelerate the adoption of EVs as a greener and more efficient solution to transportation becomes more crucial. To this end, we believe the government’s decision to extend individual income tax relief on EV charging facility expenses and tax deductions for EV rental costs comes as an important step in bolstering our shared vision of an Electrified Malaysia.
Our introduction of the all-electric BMW i fleet has allowed us to take lead as the Number One Premium EV provider in Malaysia with over 1,700 units in BMW and MINI EV delivered in just eight months this year, strengthening our commitment to the expansion of the EV ecosystem in Malaysia.
At the heart of BMW’s strategy for Electrified Mobility lies a profound commitment to leveraging collaborations with key industry players in the automotive and governmental sectors. It is heartening to see the decision of the government to invest heavily into increasing accessibility to EV charging facilities across the nation.
Through longstanding partnerships, we continue expanding the BMW i Charging network, which now spans over 1,000 charging facilities across Peninsular Malaysia, Sabah, and Sarawak. Our partners, including Tenaga Nasional Berhad (TNB), EV Connection (JomCharge), Siemens, Gentari, and Leader EV, play a crucial role in this expansion.
To alleviate charging concerns, we have strengthened our strategic partnership with Gentari, offering a mobile charging solution for the future convenience of EV owners in Malaysia.
With increased investment into the Technical and Vocational Education and Training (TVET) sector, we at BMW Group Malaysia believe that the resilient Malaysian automotive sector demands exceptionally skilled individuals who can proficiently navigate cutting-edge technology and innovation. In pursuit of this objective, the BMW High Voltage Expert certification program stands as a foundation for nurturing a top-tier workforce in Malaysia, well-prepared for the era of electric vehicles.
As we prepare for the upcoming year, our approach to Electrified Mobility and Sustainability remains collaborative. BMW Group Malaysia’s dedication to our Environmental, Social, and Governance (ESG) goals is rooted in the belief that it is a shared responsibility. We stand ready to cooperate with like-minded local partners in Malaysia to devise action-oriented solutions for issues that concern us all.
