{"id":5944,"date":"2021-06-15T23:53:31","date_gmt":"2021-06-15T15:53:31","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.limkimhai.com.sg\/?p=5944"},"modified":"2025-06-03T16:02:15","modified_gmt":"2025-06-03T08:02:15","slug":"ev-agenda-draws-various-sectors-vying-for-slice-of-the-pie","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.limkimhai.com.sg\/ev-agenda-draws-various-sectors-vying-for-slice-of-the-pie\/","title":{"rendered":"EV Agenda Draws Various Sectors Vying For Slice Of The Pie"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line”][vc_column_text]First published on\u00a0The Business Times<\/a>, 14 June 2021, by Kelly Ng<\/em>[\/vc_column_text][image_with_animation image_url=”5946″ animation=”Fade In” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]SINGAPORE\u2019S push for electric vehicles (EVs) has lured companies from a myriad of sectors, from renewable energy to electronics and payments, eager to get a foot into the ecosystem.<\/p>\n

While EVs are widely seen as an environmental asset, their economic imperative must also be examined.<\/p>\n

In its most conservative scenario, the International Energy Agency estimates that the global EV stock, excluding two- and three-wheelers, will expand from about eight million in 2019 to close to 145 million by 2030, corresponding to an annual average growth rate of close to 30 per cent.<\/p>\n

A June 2021 report by Fitch Solutions forecasts EV sales in Singapore growing at an average of 40 per cent year-on-year over 2022-2030 to reach a penetration rate of about 10 per cent of total vehicle sales.[\/vc_column_text][divider line_type=”No Line”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” css=”.vc_custom_1627832472777{background-image: url(https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.limkimhai.com.sg\/wp-content\/uploads\/2019\/05\/vector-bg.png?id=38) !important;}”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][image_with_animation image_url=”5844″ animation=”None” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default” img_link=”https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.limkimhai.com.sg\/understand-electric-vehicle-ev-roadmap-in-singapore\/”][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line”][vc_column_text]\n

Understand the Electric Vehicle (EV) Roadmap in Singapore<\/a><\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]The Economic Development Board\u2019s (EDB) has identified mobility as a \u201cpotential growth sector\u201d. The adoption of EVs and autonomous vehicles will create job opportunities and benefit adjacent industries already well-established here, such as the semiconductor and ICT sectors, said EDB executive vice-president Tan Kong Hwee.<\/p>\n

\u201cSingapore\u2019s proximity to the markets in Asia will also enable companies to capture regional growth and in turn create more opportunities for Singapore and Singaporeans,\u201d he added.<\/p>\n

Professor Subodh Mhaisalkar, executive director of the Energy Research Institute at Nanyang Technological University (ERI@N), thinks EVs spell a new dawn for Singapore\u2019s clean technology sector. \u201cThere are similar building blocks as well as similar platform technologies that can be used from transport and could be used for industrial applications,\u201d he said.<\/p>\n

For instance, the platform used in an EV\u2019s battery management system can also be used on a harbour craft or in air transport applications, resulting in economies of scale, he explained. \u201cThere will also be economic benefits in terms of jobs, and so on. This, for me, is a clean tech industry. (Singapore) could be seen as a model of how it would work.\u201d he said. He noted how the country\u2019s Green Mark scheme to promote energy-efficient buildings has also been adapted by other countries in Asia.<\/p>\n

Companies in the energy sector, too, have jumped on the bandwagon. Charge+, which offers ultra-slim EV chargers, is solar energy provider Sunseap Group\u2019s foray into the sector. Charge+ chief executive Goh Chee Kiong noted the potential of capitalising on the growing demand for sustainable solutions as a whole. \u201cThe fact that our mothership is Sunseap is very beneficial. We often see the same landlord who has used renewable energy saying, \u2018Shall I also look at EV charging?\u2019 The synergies are tremendous. Landlords are not seeing sustainable measures in isolation,\u201d Mr Goh said.<\/p>\n

Charge+ is developing a proprietary ultra-slim alternating current charger with dual charging points designed for plug and play at existing car parks. It previously announced plans to install 10,000 EV charging points across Singapore in the next decade. That target has since been revised upwards, with the new figure to be announced.<\/p>\n

BT reported earlier this month that manufacturing firms, too, are looking to tap the fast-growing sector. Taiwan\u2019s Foxconn, for instance, intends to leverage its expertise in automotive and smartphone component manufacturing to manufacture EVs. Analysts suggest that Singapore-listed tech manufacturing stocks that have relationships with auto customers will benefit from the growing industry.[\/vc_column_text][divider line_type=”No Line”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h4″ style=”color-strip-reveal” color=”Accent-Color” text=”Lim Kim Hai Electric in EV Business”][vc_column_text]In Singapore, electric distribution business Lim Kim Hai Electric is another example of an entity in an adjacent industry vying for a slice of the EV pie. \u201cWe were initially already doing electrical materials distribution. We have a good client base across commercial and industrial sectors, so moving into EVs is quite a natural extension,\u201d said Francis Pan, the company\u2019s general manager.<\/strong><\/p>\n

Lim Kim Hai Electric has been working with the likes of local payments startup Beep and global manufacturing company ABB to present a \u201ctotal EV proposal\u201d to existing customers, Mr Pan said. Beep is an example of how the push for EVs presents business opportunities even to sectors outside transport or mobility. The Singapore startup, incorporated in 2018, began its journey in the vending industry. Beep was the brainchild behind the platform for Temasek\u2019s mask and hand sanitiser distribution programmes amid the Covid-19 pandemic. Now, the firm has set its sights on the EV marketplace and is working with charge point operators across Asia Pacific to roll out backend technology and payments platforms.<\/strong><\/p>\n

\u201cThe good thing about South-east Asia is that it has a very established QR infrastructure which we can tap on,\u201d said Terence Tan, Beep\u2019s head of growth and e-mobility.<\/p>\n

Beep\u2019s research shows that some 300,000 charging stations will be installed across the region over the next three years. But the current charging landscape is fragmented, with users having to meddle with a dozen different apps, he said. Beep wants to solve these issues.<\/p>\n

Mr Tan and Lim Kim Hai\u2019s Mr Pan both noted how wider adoption of EVs could change lifestyles, hence presenting other opportunities.<\/strong><\/p>\n

For instance, charging stations, including current petrol stations, could expand to include more shopping and food options as drivers may linger while waiting for EVs to be charged, Mr Pan said. Charging times depend on various factors, including the size of the vehicle, battery type, and speed of charging point.<\/strong><\/p>\n

Mr Tan added that shopping malls are another sector that can capitalise on this. \u201cMaybe in the future, a mall owner could incorporate a simple plugin into the existing rewards app, and let consumers exchange rewards for free EV charging in the mall,\u201d he said.<\/p>\n

Despite the host of economic gains, it would be hard to place a value on the benefits of electrifying road transport, not least in view of the attendant health and environmental benefits \u2013 even as some have said that EVs alone are not yet the panacea for climate change.<\/p>\n

As ERI@N\u2019s Prof Mhaisalkar put it: \u201cHow do you project an economic value to improvements in public health? I think there are other benefits that are critical but cannot be put through a particular economic analysis.\u201d[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][divider line_type=”No Line”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h4″ style=”color-strip-reveal” color=”Accent-Color” text=”View Original Article”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][image_with_animation image_url=”6077″ animation=”Fade In” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default” img_link=”https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.limkimhai.com.sg\/wp-content\/uploads\/2021\/06\/EV-news-BusinessTimes_compressed.pdf”][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][\/vc_column_inner][\/vc_row_inner][divider line_type=”No Line”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h4″ style=”color-strip-reveal” color=”Accent-Color” text=”More Electric Vehicle (EV) Topics”][recent_posts style=”slider_multiple_visible” columns=”2″ button_color=”Accent-Color” hover_shadow_type=”default” category=”electric-vehicle” order=”DESC” orderby=”date” image_loading=”lazy-load” blog_remove_post_date=”true” blog_remove_post_author=”true” blog_remove_post_comment_number=”true” blog_remove_post_nectar_love=”true” posts_per_page=”7″][divider line_type=”No Line”][vc_column_text]\n

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In Lim Kim Hai Electric, we are proud to be the authorised distributor for ABB chargers in Singapore. We are supplying the Electrical Vehicle Chargers (EVC) with installation and maintenance. We are also offering a payment gateway solution for commercial and industrial needs. Contact us for more details!<\/strong><\/p>\n<\/div>\n<\/div>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line”][nectar_animated_title heading_tag=”h4″ style=”color-strip-reveal” color=”Accent-Color” text=”Enquire Now”][divider line_type=”No Line”][vc_raw_html]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[\/vc_raw_html][divider line_type=”No Line”][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” 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