Singapore Power invests in new electric vehicle fleet


Singapore Power (SP) Group and technology company Grab have announced a strategic partnership in which Grab will deliver 200 new fast-charging electric vehicles (EVs) and use SP’s pervasive fast-charging network.

The new fleet will be rolled out in Singapore from early 2019. Driver-partners on this new model will enjoy preferential EV charging rates from SP, at all their charging stations island-wide.

This will deliver greater cost savings for driver-partners. With the cost benefits offered by EVs, they can expect to earn up to 25% more in daily income compared to those on a regular petrol vehicle and up to 20% more daily income compared to a hybrid vehicle.

This announcement marks SP’s first fleet partnership since it unveiled plans in June to build Singapore’s largest and fastest public EV charging network. SP has committed to building 500 publicly accessible charging points, comprising both DC (direct current) and AC (alternating current) chargers by 2020.

Grab and SP will study EV usage patterns and behaviors to improve the accessibility and
utilisation of EV charging stations. SP plans to install its charging points in convenient locations, many within close-proximity to coffee-shops and food outlets. This will allow Grab driver-partners to match their charging time with meal and driving breaks.

“We have heard from our driver-partners that a faster charge time and longer EV driving range are important considerations for them when making the switch to EVs. We have taken their feedback on board and have negotiated the best deals to bring them concrete savings and the best vehicle model to cater to their driving needs. We are proud and happy to partner with SP, which has a long history of serving Singaporeans. With SP joining our consortium of EV partners, Grab is in a unique position to help drive a cleaner, greener Singapore by encouraging more of our drivers to adopt EVs…,” said Lim Kell
Jay, head of Grab Singapore.

“We are pleased to enable the success of Grab’s electrification efforts through our plans to launch Singapore’s largest public electric vehicle charging network. The pervasive fast-charging network will provide Grab’s EV drivers with convenience and speed in charging their vehicles, while helping them to achieve energy and cost savings. This will accelerate the wider adoption of EVs in Singapore and support the nation’s efforts to reduce our carbon footprint,” said Mr Goh Chee Kiong, head, strategic development, SP Group.