Ensuring a durable transition
At the MIT Energy Initiative''s Annual Research Conference, speakers highlighted the need for collective action in a durable energy transition capable of withstanding obstacles.
Additionally, the repurposed EV battery can serve as a storage for residential homes integrated with photovoltaic (PV) or portable battery bank for EVs. Therefore, the prospect of second life energy storage in Malaysia could potentially grow with the advancement of EV technology in years to come. 3.
Malaysia has started off its initial development in EV initiatives, with the country preparing for the rise of retired EV batteries in the coming years. Under the RE:GENERATE initiative by BMW Group Malaysia, the retired EV batteries could be repurposed as solar-powered kiosk or portable chargers which is less demanding as compared to EV [69, 70].
Luxury cars with plants in Malaysia have already started assembling EV models locally. For example, Mercedes Benz in Pahang launched locally assembled CKDs in early 2023. Volvo is also assembling EVs at its plant in Shah Alam and plans to export locally assembled EVs to other countries in ASEAN.
EVs continue to remain out of reach for most Malaysians, primarily due to their high prices.
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