Singapore on Track to Achieve EV Charging Point Target by 2023
Singapore is making strides towards achieving its ambitious targets for electric vehicle (EV) adoption, with the government aiming to phase out internal combustion engine (ICE) vehicles by 2040. As part of this plan, the Land Transport Authority (LTA) has set a target of having 2,000 EV charging points in over 700 Housing Board carparks by the end of 2023. While progress has been slow, the LTA has recently awarded 10-year contracts to five companies to deploy at least 12,000 EV chargers in almost 2,000 HDB carparks by the end of 2025. In this blog post, we'll explore the current status of EV charger installation, charging rates, contract requirements, impact on EV adoption, and the government's incentives and targets for promoting EV adoption.