In October 2020, Transport Minister Ong Ye Kang mentioned the need to further reduce the EV per charging point ratio from the projected 8:1 in 2030, to better support the anticipated growth of EVs. Singapore is ramping up the installation of EV charging points, as part of its plan to phase out internal combustion engine vehicles by 2040.
“We see great potential in assisting companies and MCST to implement more electric vehicle charging stations for them to play a contributing role in Singapore’s sustainable energy transition" said Patricia Eng, General Manager of Urban Renewables. "It is a win-win situation by helping to drive our business partners’ sustainability goals, while supporting the nation’s target to achieve carbon neutrality in the transport sector. The implementation of Urban Charge at zero cost is expected to provide a great boost in confidence and to promote convenient accessibility for building owners and local communities en route to normalising electric vehicle adoption”.
Managing Director of the group, Edgare Kerkwijk, added that there is uncertainty within the private sector at this point of transition, which is exactly why Urban Charge has been offered as an incentive with all risks absorbed by Urban Renewables. While the current government efforts are very much focused on public car parks, the company sees a crucial need to support the installation of EV charging units at corporate and private levels.
Urban Renewables are the first city-focused renewable energy developer in the Asia-Pacific region. It provides more than a dozen energy solutions for building owners and corporates. It's subsidiary in Singapore, Urban Renewables (Singapore) Pte Ltd, was launched in September last year.
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