Malaysia's Grid Reform to Drive Green Energy and EV Growth

Green Energy ExpansionAiming for net-zero emissions by 2050, Malaysia is increasing renewable energy's share to 70% and considering green energy exports. The national grid's expansion will meet the rising demand for clean electricity, especially for EV charging stations, as stated by Deputy Prime Minister Fadillah Yusof.

Unlocking the Grid for CompetitionTo boost green energy transactions, Malaysia opened its national grid in September, allowing corporate users to engage directly with renewable energy providers. This step is crucial for meeting the projected 7 GW power demand of data centers by 2030 and making the electricity market more competitive.

Export Surplus Green EnergyFadillah Yusof hinted at further grid deregulation for low-carbon energy exports, with domestic demand prioritized. Any surplus will be exported, and third-party grid use will be monitored for effectiveness.

EV Infrastructure DevelopmentStrengthening the grid for EV charging stations is now part of Malaysia's IBR framework, with TNB leading grid upgrades. The government targets 10,000 charging stations by 2025, supporting a 112% increase in EV sales this year.

Government Support for EVsMultiple ministries are developing policies to support EV and charging infrastructure growth. Malaysia aims for EVs to account for 20% of car sales by 2030, with a 1:9 ratio of charging facilities to EVs ideal according to MGTC.