The conference is organised by the Malaysian Investment Development Authority (MIDA) and the Malaysia Automotive, Robotics and IoT Institute (MARii).

Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad, who also attended, said his ministry had taken into account the importance of balancing energy demand and reducing carbon emissions.

This included the development of EVs and its ecosystems in Malaysia.

"The country aims to install 10,000 EV charging points by 2025 through the Low Carbon Mobility Blueprint, with up to 900 charging points at present.

"WE are also committed to increasing electricity generation from renewable energy sources through the Electricity Supply Generation Development Plan 2021-2039 while strengthening the grid and developing the Electric Vehicle (EV) ecosystem," he added.

MIDA chief executive officer Datuk Wira Arham Abdul Rahman is optimistic that electric vehicles will increase in popularity and become more widespread, particularly with the growing demand for environmentally-friendly transportation in the region.

He urged the industry players to take the initiative and increase the involvement of local companies in high-value-added activities in both the domestic and global supply chains.

MARii chairman Datuk Phang Ah Tong said EV Coference 2023 was especially significant on steering the growth of the EV industry in Malaysia and staying relevant to the global shift towards electrification.

Malaysia has pledged to become a nation with net-zero greenhouse gas emissions by 2050, as outlined in the 12th Malaysia Plan.

The government is also committed to driving the efforts of attracting investments in EVs and achieving the national target of 15 per cent of the total industry volume for EVs and hybrids by 2030.

Malaysia recorded more than 15,000 units of xEVs (plug-in hybrid, hybrid and full-battery electric vehicles) on the road in 2022.