TNB to gain from EV ecosystem in the long term

TA Research says TNB would benefit via the increased utilisation of its electricity transmission and distribution network and maiden profits from EV charging stations.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) venture into the setting up of the electric vehicle (EV) charge point infrastructure (CPI) is set to benefit its environmental, social and governance (ESG) rating and investor perception.

The investment into the EV charging ecosystem has a lot of potential but TNB’s management has told TA Research that the CPI business is not expected to break even until EV usage gains scale in the country.