GREEN MOBILITY AS KEY TO ADDRESSING CLIMATE IMPACTS IN TRANSPORTATION
Policy Development
• The transition to EVs requires coordination and policy synergy across different levels of governments and agencies. It is significant in steering corporate strategy towards electrification and enabling consumer uptake. • More developed markets including China, Europe, and the United States further strengthen policy to address other parts of EV supply chains including battery manufacturing. • Policies are also shifting towards Electric Vehicle Supply Equipment (EVSE) as 80% of global EV market are covered by EVSE related policies.
Transition to EVs
• Incentives: Purchase incentives and rebates programme for EVs such as those in Japan, China, Canada, Europe, South Korea, and the United States are designed to accelerate the adoption of cleaner vehicles. • Electric Vehicle Supply Equipment (EVSE): By acknowledging the lack of EVSE can be a critical barrier to EVs adoption, public accessible fast chargers are necessary to provide the convenience as refuelling conventional vehicles. • Battery: As EV battery production increased globally in recent years, the cost of EV battery cells has decreased; declining battery prices lead to additional growth in EV demand. Besides, battery swap enabled are gaining popularity, as the technology offers a possible solution to concerns about charging times, and upfront costs faced by EV owners.
Adoption of hydrogen fuel cell bus
• Hydrogen fuel cell bus offers a clean and efficient alternative technology compared to the typical conventional diesel bus which run on hydrogen fuel cells and convert it to electricity. • Moreover, hydrogen fuel cell bus provides a viable solution by releasing zero GHG during operation, and has long driving range and quick refuelling times compared to battery-electric busses. • Hence, several countries including China, South Korea, Japan, and Europe have been adopting this technology as part of their public transportation fleets.
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 56
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