Malaysia's Ambitious Hydrogen Economy: Road to Clean Energy Leadership
Key Ideas
- Malaysia plans to introduce three hydrogen cars and mobile refuelling stations by 2025, aiming for an equal mix of petrol, hydrogen, and electric vehicles by 2050.
- The government is investing in the hydrogen economy with a focus on green hydrogen, aiming to lead in clean energy and reduce reliance on fossil fuels.
- Initiatives include strategic planning with the Hydrogen Economy and Technology Roadmap, budget allocation for infrastructure, and incentives like import duty exemptions and subsidies for hydrogen vehicles.
- The transition from grey to green hydrogen is part of Malaysia's strategy to combat climate change and create a sustainable, carbon-neutral energy sector with a projected global market value of US$189.19 billion by 2050.
Malaysia is gearing up to revolutionize its automotive market with the introduction of three hydrogen cars and mobile refuelling stations in Peninsular Malaysia by the first quarter of 2025. This initiative is part of a grand plan to achieve a balanced composition of petrol-fuelled cars, hydrogen cars, and electric vehicles by 2050. The country aims to become a leader in clean energy in the region by embracing the potential of hydrogen as a low-carbon energy source capable of replacing traditional fossil fuels.
Science, Technology, and Innovation Minister Chang Lih Kang highlighted the significance of hydrogen vehicles like the Toyota Mirai, emphasizing their carbon-neutral nature and efficiency in generating electricity from hydrogen with only water as a by-product. Malaysia's focus extends beyond just mobility, encompassing the entire hydrogen value chain, including production, transportation, storage, and end-use in various sectors.
The government is investing significantly in infrastructure such as mobile hydrogen refuelling stations, with a budget of around RM12 million for the project. Additionally, strategic initiatives like the Hydrogen Economy and Technology Roadmap aim to position Malaysia within the lucrative global hydrogen ecosystem, with a projected market value of US$189.19 billion by 2050.
Malaysia's approach includes incentives for hydrogen vehicles, such as import duty exemptions, local tax waivers, and subsidies, mirroring efforts to promote electric vehicles. As the country plans to phase out grey hydrogen in favor of green hydrogen, the focus is on reducing carbon emissions and fostering sustainable energy practices.
With a vision to transition to green hydrogen produced from renewable sources, Malaysia is taking steps to combat climate change effects and reduce dependence on fossil fuels. The government's strategies align with global trends towards zero-carbon initiatives and sustainable economic development.
Topics
Blue Hydrogen
Green Hydrogen
Clean Energy
Sustainable Development
Economic Strategy
Automotive Market
Technology Roadmap
Fuel Subsidies
Zero-carbon Initiative
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