Maybank and Tenaga Nasional Berhad (TNB), through its electric vehicle (EV) charging arm TNB Electron, have launched a strategic EV charging pilot at Maybank Academy in Bangi.
The pilot project represents a significant milestone, as it is the first time TNB Electron has partnered with a financial institution to deploy EV charging infrastructure.
The move builds on an existing relationship between the two organisations in sustainable finance and energy transition efforts, including Maybank’s support for TNB’s Transition Finance Framework .
By translating financial collaboration into on-the-ground infrastructure, both companies aim to turn sustainability commitments into tangible action.
President and Group CEO of Maybank, Dato’ Sri Khairussaleh Ramli, said the partnership aligns with Maybank’s ROAR30 New Economy pillar, which focuses on advancing urban and smart city solutions, while reinforcing the bank’s sustainability commitments.
He noted that making EV charging more accessible and convenient is key to encouraging wider adoption of electric vehicles, especially as Malaysia’s EV ecosystem is still at an early but promising stage.
In 2025 alone, Maybank disbursed more than RM1 billion in financing for EVs and qualified hybrid vehicles, underlining growing consumer demand for greener mobility options.
EV Adoption Accelerates in Malaysia
Malaysia’s EV industry has been expanding rapidly. EV registrations surged 106% year-on-year, with strong demand in key urban areas such as the Klang Valley, Johor Bahru, and Penang.
To support this growth, more than 5,700 public charging points have been installed nationwide, enabling drivers to charge their vehicles for daily commutes, weekend trips, and even long-distance festive balik kampung journeys .
TNB Electron has also introduced targeted incentives to drive adoption, including a 25% per kWh discount during school holidays and peak festive periods.
Its charging network is strategically located along highways, trunk roads, commercial areas, and TNB premises to ensure reliable nationwide coverage .
Roles Under the Partnership
Under the pilot arrangement, TNB Electron will be responsible for installing, operating, and maintaining the EV charging facilities.
The collaboration leverages TNB’s expertise in nationwide EV infrastructure and Maybank’s extensive network to promote low-carbon mobility through a scalable and reliable model.
President and CEO of TNB, Datuk Ir. Megat Jalaluddin Megat Hassan, described the partnership as a key step in strengthening TNB Electron’s role in Malaysia’s EV ecosystem .
He added that with more than 260 EV charge points deployed nationwide, TNB Electron is enhancing grid readiness and supporting long-term sustainability through collaborations with forward-looking organisations such as Maybank.
Potential Expansion to Maybank Branches
The Bangi pilot is expected to serve as a foundation for broader expansion. Both parties plan to explore opportunities to deploy EV charging facilities at selected Maybank branches across Peninsular Malaysia.
The focus will be on strategically located branches to improve accessibility and support the growing number of EV users nationwide.
If expanded, this could significantly enhance the availability of public charging infrastructure, particularly in high-traffic commercial areas where Maybank branches are located.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
