The automotive sector is extremely diverse, not just in its product range, but also the quantity of manufacturing process specializations it requires. Furthermore, the infrastructure, manpower and skill levels were vastly different when comparing the manufacturing sector against the after sales sector.
It only makes economic sense when technology goals are streamlined in a clear direction – allowing capacity building to take place based on an educated assessment of market opportunities and the risks associated with them.
The NAP 2014 places a major focus on the production of Energy Efficient Vehicles, or EEVs within Malaysia, with the goal of making Malaysia a regional hub for EEVs and its related technology by 2020.
EEVs are not limited to electric vehicles alone, but any vehicle that meets a set standard of fuel consumption and carbon emission level.
The NAP2014 would allow business incentives to be directed towards technology and talent development that centres around energy efficient products and processes. This would further spur targeted research and innovation led by the industry, in turn allowing increased participation from academia, research institutions and the public.
The EEV policy was also tailored towards future demands in vehicle technology – fuel efficient, safe, secure and environmentally friendly.