Electric vehicles play a key role in combating climate change – but they must be charged sustainably.
In Singapore, Electric Vehicles (EVs) take up a large propotion of our vehicle population in the coming years. As part of Singapore's Green Plan 2030, a target of 60,000 electric vehicle EV charging points will be installed across Singapore by 2030, comprising 40,000 in public car parks and 20,000 in private premises.
In this white paper, we demonstrate that electric vehicle smart charging will be a key enabler of a rapid infrastructure development leading to an accelerated electric vehicle adoption.
Through a detailed cost-benefit analysis of local charging optimization, we show that both consumers and grid system operators can benefit from smart charging at a building level. We also recommend a thoughtful policy approach to make this happen.
To achieve sustainability goals set out by hundreds of global organizations, bold steps are required to reduce emissions and operate more sustainably.