RHB kicks off green week with EVlution EV charging station

KUALA LUMPUR: RHB Banking Group, Mastercard and EVlution Sdn Bhd have unveiled an EVlution charging station at RHB Centre in Jalan Tun Razak here.

The charger rollout is in conjunction with the first "RHB Green Week" showcase from today until April 18, which aims to raise eco-consciousness, foster positive behaviour change, and promote sustainable lifestyles.

The highlight of the event was the roll-out of the EVlution EV charging station, launched by Transport Minister Anthony Loke.

EVlution is a multi-brand EV charging operator and this milestone marks the start of its initiative to deploy 2,000 EV charging stations nationwide by 2025.

"The government is supportive of all initiatives that complement the development of a green vehicle ecosystem in line with the Low Carbon Mobility Blueprint 2021-2030,” said Loke.

RHB Banking Group group managing director/group CEO Mohd Rashid Mohamad said the showcase and the charging station launch is the bank's way to raise awareness about eco-friendly practices, encourage environmentally-conscious lifestyles, and foster culture and behaviour change.

"This collaboration and initiative are tangible steps towards promoting EV adoption in line with the National Transport Policy and supporting the nation's goal of having 1.5 million EVs on the road by 2040.”

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READ MORE: Private companies welcome to invest in EV charging facilities, says Loke

EVlution CEO Jeffrey Ong said his company targets to have 100 EV charging bays operational by the first half of 2024 within urban areas in the Klang Valley, Penang and Johor. The charging station at RHB Centre comprises two 22kW AC chargers. Users are billed based on time at up to 40 sen per minute.

EVlution is also involved in renewable and clean energy, said Ong, adding that the company is bidding to be included in a Large Scale Solar programme this year.

At present, EVlution is the sole charge point operator (CPO) in Malaysia providing a combined payment system that allows users to pay for EV charging either through the EVlution mobile application or by using a physical card.

Through partnerships with RHB and Mastercard, EVlution is introducing a payment platform that facilitates seamless transactions and advances sustainable mobility solutions.

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"Nurturing sustainable communities and achieving Malaysia's commitment to net-zero emissions by 2050 requires collaboration and concerted effort," said Mastercard country manager for Malaysia and Brunei Beena Pothen.

"Empowering Malaysians to go cashless for EV charging and other purchases, we accelerate both the nation's cashless movement and overall EV adoption."

As the preferred payment platform, Mastercard, alongside EVlution and RHB, have lined up campaigns and special offers for cardholders, which will be announced in the coming months.

RHB Banking Group continues to lead the charge in adopting electric vehicles, by collaborating with different key players within the ecosystem such as Volvo Car Malaysia and Tesla Malaysia as well as another EV charging provider.

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The bank offers financing of up to RM500,000, and attractive rates for EVs and plug-in hybrid electric vehicle (PHEV) as well as hybrid vehicles from as low as 2.10% p.a. and 2.20% p.a., respectively.

As of December 2023, the bank has provided financing for over 2,000 electrified vehicles, totalling RM325 million, exceeding its initial target of 1,000 such cars.

At the RHB Green Week showcase, visitors can explore ways to cultivate eco-consciousness and change for the better. The exhibits offer activities, contests, and educational resources focused on themes such as transitioning to renewable energy, advocating for energy conservation, and embracing healthier lifestyles through an HR wellness mobile app.

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Additionally, visitors can learn about marine conservation under RHB’s Ocean Harmoni initiative and discover various sustainability-related products and services RHB offers.

In tandem with the showcase, the bank would also recognise some of its customers’ outstanding achievements in sustainability and informed investing with a prize-giving ceremony for its "Electrify Your Trades" campaign.

The top prize is fittingly a MINI Cooper SE electric car.
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