Out of around 180 petrol stations in Singapore, only 25 of them offer charging services for electric vehicles (EVs). 21 of these are operated by Shell, which was the first to introduce them back in 2019. The other four belong to Caltex.
Esso — the company which owns a third of all petrol stations in Singapore — hasn’t made a push for EVs just yet, despite running trials in Thailand three years ago. Singapore Petroleum Company (SPC) is in the same boat with its 40 stations too.
As Singapore looks to phase out petrol and diesel vehicles by 2040, it stands to reason what will happen to these stations.
A shift towards EV charging seems to be an obvious option, but there are plenty of factors to consider. The established networks of charging networks — such as BlueSG’s approximate 2,000 points across 200 locations in Singapore — could be tough to compete with.
Along with this, all new buildings with carparks in Singapore are now required to install EV charging points. There are also plans to install such points in almost 2,000 HDB car parks by 2025.
Opportunity: EV Is the Future & the Future is now
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