TNB to replace 30% vehicles with EVs by 2030

By BERNAMA | 27 February 2024

KUALA LUMPUR: Utility giant Tenaga Nasional Bhd (TNB) says it will electrify 30 per cent of its operational fleet by 2030, totalling more than 1,000 vehicles.

President and chief executive officer Datuk Seri Baharin Din said the move is in tune with Malaysia’s ambitious goal of achieving carbon neutrality by 2050.

TNB has so far put into service 78 electric pickup trucks and 20 electric vans, raising the electric vehicle fleet to 127.

Baharin said the drive to further increase its EV fleet is contributing to the government’s target of having 20 per cent EVs in total industry volume sales by 2030, in line with the National automotive Policy 2020.

He said the shift to EVs by TNB is projected to result in a yearly reduction of 2,200 to 4,833 tonnes of carbon dioxide, equivalent to 88,000 to 193,320 trees as an offset by 2030.

TNB electric pickup truck_2024

"The economic benefits of TNB's EV adoption initiative are substantial, with anticipated cost savings ranging from 35 per cent to 86 per cent on repair and maintenance, and 25 per cent to 70 per cent lower energy costs compared to conventional fossil fuel vehicles.

"TNB also anticipates an annual offset of six per cent to 12 per cent in fossil fuel expenditure,” he said.

Baharin said TNB is not only accelerating EV adoption by 2030 but is also re-training for the EV industry, building charging infrastructure, sponsoring EV-related studies, and fostering coalitions among EV sector players.

"TNB's EV training hub, established by TNB Ilsas, offers re-skilling for the EV industry, focusing on fundamental knowledge such as basic battery storage and EV technology,” he said on Sunday, adding that the training sessions are certified by international bodies.

To bolster the growing EV ecosystem in Malaysia, Baharin said TNB planned to expand its EV charging infrastructure to more than 500 charging points in 2025.