GreenTech Malaysia receives 17 Teslas for local leasing programme

Malaysian Green Technology Corp (GreenTech Malaysia) received 17 units of the Tesla Model S yesterday, slated to be leased to the government and government-linked companies (GLCs).

GreenTech Malaysia CEO Ahmad Hadri Haris said the leasing programme will enable better adoption for electric cars in the local market to improve air quality and to attract Malaysians’ interest.

Ahmad Hadri said an initial eight units of Tesla have been leased out since the programme began in November this year.

“We are optimistic that the early adoption of electric car, in Malaysia would help the green technology sector to grow vigorously on the back of the progressive electric charging infrastructure,” he told reporters during GreenTech Malaysia Media Appreciation Brunch in Kuala Lumpur.

The leasing programme is priced between RM12,000 and RM13,000, depending on Tesla specifications, on a monthly basis.

“Our plan in 2017 is to go into various segments of electric cars, allowing individuals to have better options on it. We want to provide Malaysians with the opportunity on selections of various electric car brands,” he said.

He said currently under the “ChargEV” programme, GreenTech Malaysia has more than 120 charging stations nationwide with another 66 stations to be installed solely by Petroliam Nasional Bhd at selected stations.

“Our partnership with the BMW Group Malaysia would allow the company to install another 1,000 units of charging stations to market their plug-in hybrid cars,” he said.

GreenTech Malaysia believes Malaysia will be the country with the largest penetration of charging stations in the Asean region.

GreenTech Malaysia, an organisation under the purview of the Ministry of Energy, Green Technology and Water Malaysia (KeTTHA) is expected to receive 100 units of Teslas by the second-quarter of 2017 that would arrive in stages.

The Tesla Model is expected to be leased to the government and GLCs under a 36-month “Tesla Leasing Programme”.

“Although the EV (electric vehicle) segment is still at an infant stage, the government previously had introduced the energy-efficient vehicles policy under the National Automotive Policy, focussing on fuel efficiency and carbon emission,” said Ahmad Hadri.

Asked whether the current downturn in economic scenario would impact the EV adoption in Malaysia, he said that electric cars are worth spending on because of cheaper maintenance and running costs.

“EV is an ideal way of driving. However, the only challenge is the purchase price of the vehicle. We understand that owning an asset could be a challenge. In fact, we partnered with companies to do corporate leasing for the Tesla cars.”

However, currently there is no tax incentive from the government to import Tesla cars for the masses.

Still, Ahmad Hadri said the local automotive industry can be improved with the early adoption of the EVs with conducive policy from industry players.

On another note, Ahmad Hadri said the recent Seventh International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2016) has generated RM2.2 billion in business leads.

The four-day event is aimed at promoting the growth of the green technology with participation from 350 exhibitors in 419 booths.

Organised by KeTTHA and coorganised by GreenTech Malaysia, the IGEM 2016 also attracted a diverse group of visitors from 33 countries comprising regulators, policymakers, investors, entrepreneurs, embassies and trade commissioners.