Trends Towards the Demand of Electric Vehicles based on the Distribution of Electric Vehicle Charging Stations in Malaysia

Abstract

Despite their inception in the early 20th century, electric vehicles have recently garnered significant attention. However, only 5% of vehicles on the world's roads are powered by electricity or electric hybrid systems. Meanwhile, vehicles relying on the internal combustion engine (ICE) are already considered outdated due to their low efficiency, heavy fuel consumption, and emission of harmful pollutants. Despite these drawbacks, ICE vehicles remain popular in today's society due to their ease of use and lower upfront costs compared to electric vehicles. The lagging electricity infrastructure has also made it difficult for the general public to access EVs. Therefore, this study aims to analyze the demand trends for EVs in the global market. This study will also collect data from various international and local administrative bodies. Furthermore, this study seeks to forecast the development of the EV sector, particularly by the year 2030. Thus, this study aims to examine the distribution of electric vehicle charging stations (EVCSs) and establish a correlation between EV demand and charging station (CS) distribution using the Pearson Correlation method. This research is vital for Malaysia, as it prepares the nation to navigate the evolving development of the EV sector. Addressing this issue has become one of the yardsticks for Malaysia in following the increasingly rapid trend of modernization in line with the circulation of technology and the country's mission by the year 2030.