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MOT hopes more private firms will introduce electric ferries

18 Aug 2023, 8:54 AM
MOT hopes more private firms will introduce electric ferries

KUALA LUMPUR, Aug 18 — The Transport Ministry (MOT) hopes more private companies will introduce electric ferries to support environmentally friendly transport.

Minister Anthony Loke said there is investment in Malaysian company Yinson Holdings Bhd, which is involved in the construction of marine “green mobility”.

“(Yinson) is building an electric passenger ferry, which is something new. We hope more private companies will introduce electric ferries because when we mention electric vehicles, it should not be only cars and motorcycles.

“This is a good effort because if private companies can invest in and introduce products that are more environmentally friendly to the transport sector, this is certainly something that is welcomed by the government,” he told reporters after attending the signing of a collaboration and financing agreement between Yinson, RRJ Capital and Farosson here today.

But he said it certainly requires a buy-in from the operator, and that Yinson has introduced several ownership concepts including electric motorcycles that offer hire-purchase schemes.

“Many delivery companies need motorcycles, but if they all require big investments, maybe these private companies will not be interested,” he said.

He said the hire purchase scheme can attract more companies, especially small and medium enterprises to explore vehicle ownership in addition to adapting to electric vehicles.

“If these delivery companies can start using electric motorbikes, I think this trend can be expanded,” he said, adding that Yinson also offers electric ferries.

— Bernama

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