Oversea-Chinese Banking Corporation (OCBC) and Charge+, an operator and provider of electric vehicle (EV) charging solutions, have entered into a strategic partnership in a bid to “green” Singapore’s land transport sector.

The move also contributes to the bank’s ambition of building a $25 billion sustainable finance portfolio by 2025, a target that was announced in June 2020.

Both companies, on Feb 15, signed a memorandum of understanding (MOU) that will boost Charge+’s plans of installing 10,000 EV charging points around the island by 2030, thereby contributing to the government’s revised target of having 60,000 EV charging points by 2030.

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