SINGAPORE (May 29): Singapore is one of the first few Asean countries to test-bed electric vehicles (EV), but its deployment has been rather slow, say RHB lead analyst Shekhar Jaiswal in a Monday report.

A taskforce was established in 2009 to formulate an EV test-bedding programme. Two years later, Phase 1 of this test-bed was launched, involving global companies such as Mitsubishi Motors, Robert Bosch in collaboration with SingTel and Greenlots, Daimler AG, Renault-Nissan, Keppel Energy and Senoko Energy.

Currently, Singapore is undergoing Phase 2 of its EV trials, involving car-sharing, taxis and buses instead of private cars. The drawbacks of large-scale EV ownership among private car owners remain to be higher upfront costs and lack of infrastructure. There were only 33 EVs in Singapore as of end 2016.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook