Market Review and Trends
[Post 378] Malaysia Revs Up Its Efforts To Become An EV Powerhouse In South East Asia | CNA Correspondent
By Sonicericsg  •  December 9, 2023
Summary An electric vehicle (EV) revolution is revving up in Southeast Asia and Malaysia has started warming up its engine. EV development is one of four new growth areas adopted for the nation’s master plan due to its numerous links with other sectors and its potential downstream impact. While the government has attracted billions in foreign investment to boost the EV scene in Malaysia, there are concerns over whether these vehicles are truly the ‘greener’ choice, with its manufacturing process taking the heat for high carbon emissions. In addition, as electricity grids are mostly powered by coal and other fossil fuels, maintaining an EV is not without a carbon footprint. While efforts are underway to ensure the EV ecosystem is cleaner and more sustainable, the Malaysian government and industry stakeholders have their work cut out for them to convince vehicle owners to make the switch....
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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