The Ministry of Investment, Trade and Industry (MITI) says there are plans to review and update the National Automotive Policy 2020 (PAN 2020) to ensure it remains relevant in the future, Bernama reports. According to MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz, the updates are necessary given the rapid changes that have taken place in the industry.
He said that there have been many new developments in the automotive sector, especially with regard to energy-efficient vehicles (EEVs) and electric vehicles (EVs), since the NAP 2020 was announced. The current policy, which aims to implement growth on a number of automotive-related fronts over the course of this decade, it was revealed in February 2020 as an upgrade from BREAD 2014.
“I think in any planning, especially in the long term, we need to be proactive and open to implement the necessary changes,” he told reporters after the Proton launch. Rahmah Service Campaign yesterday.
Zafrul said that MITI is in talks with industry players to revise the policy and will also hold talks with related agencies to discuss issues raised by the industry regarding the incorporation of new technologies. He said this will ensure that the policy keeps up with developments.
