Maybank and Tenaga Nasional Berhad (TNB), through its electric vehicle (EV) charging arm, TNB Electron, today announced the launch of a strategic EV charging pilot at Maybank Academy, Bangi, marking the first collaboration between TNB Electron and a financial institution to support Malaysia’s sustainability agenda.
The initiative builds on a broader collaboration in sustainable finance and energy transition initiatives, including Maybank’s support for TNB’s Transition Finance Framework, translating strategic alignment into practical, on-ground implementation.
Dato’ Sri Khairussaleh Ramli, President and Group CEO of Maybank said: “This partnership underscores Maybank’s ROAR30 New Economy pillar that focuses on advancing urban and smart city solutions, as well as Maybank’s sustainability commitments. By making EV charging more accessible and convenient, we are supporting clients in shifting to cleaner mobility while addressing a key barrier to wider full EV adoption. With significant headroom for growth, Malaysia’s EV ecosystem still remains at an early but promising stage. In 2025, Maybank disbursed over RM1 billion for EV and qualified hybrid car financing.”
Malaysia’s EV industry is surging, with registrations up 106% year-on-year, led by hotspots like the Klang Valley, Johor Bahru, and Penang. With over 5,700 public charge points nationwide, drivers can charge conveniently for daily, weekend, and festive balik kampung travel. TNB Electron also offered a 25% per kWh discount during school holidays and peak festive periods to support adoption. TNB’s charging network points are strategically located at highways, trunk roads, commercial areas and TNB’s premises to support confident nationwide travel.
Under the partnership, TNB Electron will install, operate and maintain the charging facilities, leveraging TNB’s nationwide EV infrastructure expertise and Maybank’s network to support low-carbon mobility through a scalable and reliable model.
Datuk Ir. Megat Jalaluddin Megat Hassan, President/Chief Executive Officer of TNB added: “This collaboration marks a significant step forward in strengthening TNB Electron’s role as a key enabler of Malaysia’s EV ecosystem. With more than 260 EV charge points deployed nationwide, we are advancing grid readiness, enhancing system reliability and supporting long-term sustainability through partnerships with forward-looking organisations such as Maybank.”
With insights gained from this pilot, Maybank and TNB Electron will continue to explore opportunities for deploying EV charging facilities at selected Maybank branches across Peninsular Malaysia, focusing on strategically located sites to enhance accessibility and support the growing adoption of EVs nationwide.
