Malaysia Launches The National Automotive Policy 2020

The National Automotive Policy 2020 (‘NAP2020’) was launched by the Prime Minister of Malaysia on 21 February 2020.

The objectives of NAP2020 are as follows –

1. develop the Next Generation Vehicle (‘NxGV’) technology ecosystem to make Malaysia a regional hub for the production of NxGV;
2. expand the participation of the domestic automotive industry in the Mobility as a Service (‘MaaS’) sector which focuses on the development of technology as well as the overall transportation ecosystem;
3. ensure that the domestic automotive industry is better equipped with the new paradigm in the automotive sector closely related to the development of Industrial Revolution 4.0 (‘IR4.0’);
4. ensure that the overall ecosystem including consumers, domestic industry, and the Government receive maximum benefit from the spin-off from the implementation of NxGV; and