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Instructions on how to post your insights

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Instructions on how to post your insights

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1) Click on the '+' sign
2) Click on the "Title" and type in your name
3) Click on "Write something" and post your insights, using the Paul's Wheel of Reasoning as a guide.

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Who you are

You provide electric-power charging station to charge EVs

Your objectives
To minimise risk and losses at the start-up phase of your business

To profit and thrive in the long-term

To ensure that the Singapore government has policies that are conducive to the long-term growth of the EV sector in Singapore.

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Commentary: Electric vehicles will take over Singapore. But here’s what must happen first

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Singapore has set a date to phase out petrol vehicles – 2040. But it must also put in place other missing pieces, speed up adoption and tackle congestion, says Sanjay Kuttan.

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Incentives likely to encourage electric vehicle adoption in Singapore, but questions remain, say analysts

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SINGAPORE: Newly announced measures aimed at incentivising the use of electric vehicles (EVs) are likely to encourage their adoption, say observers, though there are still questions about their implementation. In his Budget 2020 speech, Deputy Prime Minister Heng Swee Keat announ

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- how much is the government willing to invest in the improvement of the sector?
- what is the extent of public support for this move?

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- more support will be needed to support the sector in its infancy
- a few years will be needed to allow for the foundation for the sector to be laid and ensure its long-term survival
- more needs to be done to help the sector develop itself

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- the government has limited resources
- the public needs time to grow accustomed to electric vehicles

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- how the sector is working on improving itself
- operational costs

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- the demand for electric vehicles will rise in the coming years
- market conditions will remain the same

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more support for the sector

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consumer profiles

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if the assumptions prove false, the sector will lose profits or even make a loss and be able to recoup its investments. the reach of electric vehicles will hence decrease along with the sector when the use of electric vehicles becomes more difficult for consumers

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Purpose:To highlight the importance of Electric Vehicles and the necessary measures required to promote the taking up of electric vehicles faster
Aim:More funding, awareness, and infrastructure for electric vehicles

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1. How much funding is the government planning to give to Charging Operators to build more charging points?
2. Is the government planning to improve the infrastructure in our HDBs such as implementing solar powered charging stations to speed up the charging process?
3. Is the government planning to increase the varieties of EVs in Singapore so that more people will adopt it?

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-Information on the speed of charging ports in Singapore
-Amount of money lost to implement charging ports
-Amount of ports currently in Singapore and the amount of ports we are planning to build in the near future

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More needs to be done to increase the adoption of EVs
More needs to be done to make EVs more carbon neutral and environmentally-friendly

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-If consumers are planning to adopt EVs
-Taxes on people with EVs

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-there will be a uptake of electric cars
-there will be more varieties of cars entering Singapore
-the price of electric vehicles will be the same as the price of petrol vehicles

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Purpose of the discussion:
Convince LTA and the Singaporean Government to enact policies that benefit us, by pointing out the importance of Electric Vehicles and benefits that they bring.

Aims:
For the LTA or the Singaporean Government to fund the sector more, for example more subsidies for those innovating in the sector, which would maximise our profits. Not only that, we would love for the Government to see the value in Electric Vehicles and "advertise" them to the public as an environmentally friendly alternative, for more people to adopt Electric Vehicles, in order for our company to profit the most.

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Practical Concerns:
Is the Government willing to fund companies like ours?
If so, in what ways?
- Will there be decreased cost of COE when it comes to owning an Electric Vehicle to convince more consumers to switch?
- Will there be subsidies to ensure companies like ours don't face as much risk being in the sector?
- Will the Government also go into the electric vehicle charging stations sector that directly compete with private companies?

Other concerns:
- What is the extent of public support for electric vehicles?
- e.g. How many people in Singapore own / seriously owning one?
- How willing are the public to switch to electric vehicles?

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- What are current measures in place to support companies working in the electric vehicle sector?
- What is the LTA or the Singaporean Government doing to tackle the other problems faced by electric vehicle owners / those who are considering owning a electric vehicle? For example, the problems of congestion / the cost premium of owning an electric vehicle?
- Information on the current number of charging stations for electric vehicles, etc.

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- The psyche of consumers in Singapore
- The environmental impacts of electric vehicles

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- There will more or less be widespread adoption of electric vehicles in the future. However, we don't know when that time will come, and if the company can stay afloat till then.
- Cars that run on diesel / petrol won't catch up and negate our environmental benefits. E.g. Although an engine has been developed to not require lead in its petrol to operate, reducing emissions, electric vehicles still benefit the environment more.
- The Singaporean Government and the LTA care deeply for the environment and are working towards a greener Singapore. E.g. 2030 Green Goals

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- The Government's Perspective
- The consumers' perspective
- The perspective of workers in companies that produce cars running or petrol / diesel

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If our first two assumptions are not true, the entire electric vehicle industry could be in turmoil, as the benefits on our side are more or less negate. Not only that, we would lose money, effectively killing the company.

If our third assumption is not true, the discussion will have to focus on other factors instead of just the environmental sector, and we might have to argue on the economic / social benefits that a larger electric vehicle sector would bring.

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- The electric vehicle sector needs help staying afloat in these early stages, from the government, which could come in two ways: Government helping companies in the electric vehicle sector financially, or encouraging the masses to adopt electric vehicles.
- Electric vehicles themselves require innovation to ensure their benefits stand out.

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Purpose of the discussion:

To lobby the government, represented by the Land Transport Authority(LTA) or the Ministry of Transport, to support EV charging operators by increasing the amount of money invested into supporting new and established operators, approving contracts to build charging stations in public areas and encouraging the public to use EVs instead of conventional vehicles for private transportation.

Aims:

Persuade LTA/the Ministry that carbon dioxide emissions and pollution from private transport, especially traditional cars, is extremely significant and should be mitigated by transitioning quickly to EV and building more EV stations. We should emphasise that allowing private enterprises to build these EV stations is better than delegating the work to LTA or the Ministry as companies are able to compete with one another to lower costs, increase efficiency and improve quality, making private operators more suitable for the project. We should also want to persuade the Government to undertake a major campaign to inflate the costs of traditional vehicles, such as increasing the value of the COE or the excise duties levied on cars, which will suppress competition from traditional markets, thus allowing operators to see unprecedented growth.

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Concerns:
- How will the government structure its subsidy of EV charging operators to ensure a level playing field for all competing enterprises regardless of size?

- Will state-owned or government-owned operators be competing in the market, and how much more support will they receive compared to private operators?

- How much oversight will the government want its ministries and statutory boards to have over the modification of existing infrastructure like car parks to accommodate charging stations?

- Will the COE of EVs be lowered to convince more consumers to switch?

- What will the government do to curtail opposition from larger, more established markets such as the petrol industry?

- How should profits earned by the operators be taxed and distributed equitably?

-What will the government do to ensure that the infrastructure to support charging stations for EVs is in place, and when can this be accomplished?

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Survey data on reasons why Singaporeans choose not to purchase or use EVs

Carbon emission rates of traditional vehicles

Data on negative health-related implications of traditional vehicular pollution

Technical reviews of the inadequacies of existing EV charging infrastructure

Existing profits of EV operators, operational costs’

Case studies of EV adoption in other countries

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The implementation of EVs in Singapore is a process that requires both government intervention and the capacity of private companies to make the transition smoother and profitable.

The government needs to support businesses more to encourage EV ownership and EV charging operators to grow locally by covering initial losses and costs while actively discouraging continued conventional vehicle use.

The government can also in turn rely on the capacity of private enterprise, whether local or international, to overhaul existing inadequacies in EV infrastructure to ease the transition.

Innovative ways to make charging stations and cars more efficient and safer must be found to address current problems in established infrastructure.

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The demands of consumers of the EV market

Existing concerns of Government and its regulation of vehicular use

Technical constraints in existing infrastructure

Short and long-term feasibility of EV industry

Innovations required to improve cost-effectiveness of EV charging

Practical benefits of EV adoption on consumers and on addressing climate change

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Consumers will respond to government intervention and private advertising by buying EVs instead of conventional vehicles

Government subsidies and miscellaneous support, the competition between various operators and the increasing size of the EV industry will necessarily lead to high-quality and quantity outcomes for Singapore’s EV adoption rate

Adopting EVs will effectively reduce carbon emissions locally

EV operators will eventually be able to break even despite technical and other relevant constraints of the status quo

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If the first two and last assumptions do not prove true, the privatised EV industry may eventually collapse as a result of its failure to increase profits, causing Government to significant taxpayer resources, public support, while many workers in the EV industry may lose their jobs. It may also cause the general public to lose confidence in EVs entirely.

If the third assumption does not prove true, this will render the EV solution to address carbon emissions in Singapore useless, and may even be a liability on the national transition to carbon neutrality, which may cause a loss in governmental and public support, leading to the same outcome described in the first point.

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·      Perspective of governmental organisations

·      Perspective of existing state-owned EV charging operators

·      Perspective of Singaporean voters(especially car owners, both EV and traditional)

·      Perspective of workers in the petrol or auto industry

·      Perspective of climate activists

·      Perspective of those living near planned locations for EV charging stations

·      Perspective of business leaders in competing sectors(petrol, traditional cars)

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The purpose of the discussion is to persuade and enlist the help of the government to do more to encourage private car ownership in SG and to help mitigate the issues that may surface from the rapid implementation of such Electric Vehicle Charging Stations. The aim of this is to minimise risk and losses at the start up phase of our business, to profit and thrive in the long term and to ensure that the government policies are conducive to the long term growth of the sector.

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How do we ensure that we will have a sustainable supply of energy? (Especially since this is a sudden surge in demand for energy to charge the electric cars.)

Where do we get our resources from? (since Singapore lacks important resources to supply energy.)

How can Electric vehicle charging operators profit from this implementation faster?

How can we change the current infrastructure to one that is suitable for the mass implementations of these electric vehicle charging ports?

How will the general public react to this roll out?

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Firstly, i can infer that the current state of Singapore is unsuitable to support the electric vehicle charging sector. ( in terms of the support of the people, the infrastructure and the topography of the country.) Secondly, i can infer that we may face a power shortage and realistically this sector will not sustain in the long run. Lastly, the electric vehicles charging operators are unhappy with the government as little is enforced to support the foreseeable sector.

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Firstly, i will have to find out more about electric vehicles. ( the cost, the environmental impact that such vehicles would cause, any areas of improvements that such vehicles require and how they are different from petrol fuelled vehicles.

Secondly, i will have to understand the current situation that this sector is facing (whether there is sufficient public support, how many of such ports are already implemented, the extent at which such ports actually made use of.)

Thirdly, I will have to seek the opinions of the operators and the public whether they agree or disagree to get a better idea whether this implementation would be beneficial to the majority of the population. At the same time, i would have to get the opinions of the public whether they would be willing to switch to electric cars. ( this decision would potentially affect the benefits that such ports would serve.)

Lastly, I would have to find out the opinions of the government on this matter and any other future plans they may have in supporting this sector.

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I can assume that the sales of electric vehicles will increase alongside the government’s plan to switch to electric vehicles by 2040. I can also assume that gradually the charging of such vehicles will decrease to be the same as the fees for petrol over time as it becomes a necessity than a demand.

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There may be an upheaval among the public as some people would be reluctant to change from petrol fuelled vehicles to electrically charged ones. If that is the case, no matter the efforts of the government, sustainability for this sector cannot be ensured.

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We should consider the point of view of the public as they would need more time than what is currently given to get used to electric cars.

We should also consider if the production of electric vehicles are proportional to the number of people that are using electric vehicles such that our sector can continue to profit from the increasing number of people using such vehicles, without any disruptions such as a halt in production of electric vehicles.

We should also consider the views that other countries have on this introduced implementation as well as experiences of other countries so that we can work on this and avoid some potential challenges that may affect the plan being put into place. This will allow the transition to electric vehicles to be made more smoothly.

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If our inferences and assumptions does not happen, we would lose a lot of money and might have to close down. The business is not sustainable in the long term as the citizens will not buy electric cars which requires our operations. The purchasing of electric cars will not be attractive to most citizens, and there will not be any need for our charging points. In order to reduce the risks posed, we might have to stop building more charging points to minimize losses.

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-vehicle owners
-government
-electric car companies
-carpark owners and operators

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- The cost of an EV
- The cost of charging an EV
- The incentives that come with choosing to buy an EV
- The environmental benefits that come with using an EV
- Emphasise that the sustainability of our sector would be crucial to sustain the usage of EV in singapore
- The successes of implementing EVs through our sector in other countries

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Purpose of the discussion:
To convince the government and LTA to implement policies that can help to build up the EV sector and support its growth, since it has much lower carbon emissions than standard petroleum cars.

Aims:
We should clearly illustrate the environmental benefits of electric vehicles to substantiate why we feel that our sector is a key stakeholder in our fight against drastic climate change. Hopefully, the government will better understand the severity of the issue and help promote electric cars.
Following this, we should aim to get funding or grants from the government, so that we are able to properly fund relevant businesses.

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- Will the government set up a grant scheme or will this be a one-time grant?
- What are the financial implications of mandating a fully EV society?
- If EV ownership becomes mandatory, how will the public react?

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- The impact that having EV policies has on other countries
- The difference in carbon emissions between an EV and a standard car
- The current take-up rate of EVs in Singapore
- How much money it takes to establish an EV charging station

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- Singapore does not currently have to infrastructure or resources to be able to support a fully EV society

- EV charging operators are not a very successful industry in Singapore due to lack of support and funding

- The government is not currently giving enough support to this sector to develop it sufficiently to power the whole country

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- The other elements needed to have this industry thrive (financial, support from public)

- Whether taxes on EVs will be necessary

- How much infrastructure will have to change to accommodate these charging stations

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- The government will champion the use of EVs, given their positive impact on our carbon emissions --> Help SG be on track our Long-Term Low-Emissions Development Strategy (LEDS)

- People will be willing to make the change to EVs when they understand their benefits

- As demand for EVs rises, the cost of manufacturing these charging stations will decrease

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1. The government will champion the use of EVs
If this proves false, the sector will likely have to rely on donations from members of the public or abandon the idea completely, given its large scale.

2. People will be willing to make the change to EVs when they understand their benefits
If this proves false, the demand for charging stations will not rise and costs will remain very high. In addition, the pollution from petroleum cars will continue to contribute to our carbon emissions.

3. As demand for EVs rises, the cost of manufacturing these charging stations will decrease
This could prove false given the progressive updates in the EV charging technology, which would decrease the number of stations that can be built.

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- Current major car retailers (eg. Toyota, BMW, Honda)
- Members of the public
- EV retailers (understanding their unique needs for charging, power supply etc)
- Car owners who currently own petroleum cars

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Purpose:
To emphasise to the Singapore Government and the LTA the necessity in implementing more policies conducive to the long-term growth of the Electric Vehicles (EV) sector of Singapore, and persuade them to do so.

Aims:
It is important that we are able to obtain a substantial understanding from the government and the LTA of how the use of electric vehicles is able to environmentally benefits Singapore in the long run. Thus, I hope that we would be able to establish several policies involved in growing the EV sector, through the government and the LTA's support, with the utilisation of funds and subsidies, provision of new infrastructure, etc.

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The purpose of the discussion would be to persuade the government to put in place policies that would ultimately support and benefit the growth of our businesses while we should aim to achieve a successful deal that is a maximum win-win for both parties through ensuring that our business' risks are minimised and that we are able to profit in the long term, which will contribute to the everlasting development of my sector. The government can also help contribute to a greener society, which is already one of their pledges/goals, and COE collection.

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- Should EV ownership be mandated, to what extent will the Government be able to fund and financially support the nation-wide use of EVs?

- How does the Government specifically plan to encourage, and boost the public morale towards EV ownership?

- How can the Government ensure that the growth of the EV sector would not result in the deterioration of businesses? (especially if funds and subsidies would be catered to the provision of electric-power charging stations to charge EVs)

- What are the steps the Government will take to mitigate the issue insufficient energy from the electrical grid due to infrastructural constraints?

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- How is the pricing difference going to be tackled so as to make EV ownership more enticing to the general population?

- Will there also be lower COE values for buyers of EVs as the government is also working towards the clean energy goal by 2040?

- How ubiquitous are the charging points (an essential part of owning an EV) going to be around Singapore and how accessible are they to the majority of Singaporeans who live in HDBs and condominiums?

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- The current measures taken to improve the EV sector

- Statistics on the rate of EV charging ports in Singapore

- The implementation of EV policies in other countries

- The current number of charging ports in Singapore

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- the difference in money spent on current car models and EVs
- breakdown of the costs (both long term and short term) of an EV
- how ubiquitous charging pots are going to be in the future
- how long it takes to fully charge an EV
- the benefits of owning an EV (from pricing to contributing to the environment)

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Assistance from the government is essential in this development towards a higher percentage of the adoption of EVs. Any help, from funding/grants, to campaigns/roadshows, are needed to increase public awareness, which is currently nowhere the intended goals, will be critical to the inevitable growth of this industry.

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1) What are the grants/schemes that will be put in place to entice citizens to adopt an EV?
2) What is the budget needed in order to incorporate all necessary infrastructure into the whole island within the next two decades?
3) Is the general population of Singapore amenable to this change and how many of them are willing to adopt this technology into their lives in the near future?

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- The majority of Singaporeans will be amenable to changing their type of vehicle in the near future, especially when general public awareness is raised.
- The government will be supportive of this industry as part of working towards their clean energy goal by 2040.
- The demand of EVs and their necessary infrastructure will increase drastically in Singapore.

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- Much more support should be enforced by the Government, which is important to ensure the improvement and the growth of the EV sector

- Singapore is inadequate in its public support and morale towards the use of EV vehicles

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If the assumptions an interpretations are false, our businesses may have to rely on even more external funding and will lose a significant amount of profit. Our businesses may also fold and the government's green plan will not be fulfilled.

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Other perspectives to consider include the many stakeholders, for example, the government and how much they are willing to designate to our industry, considering the current COVID-19 situation, and the perspectives of current owners of petroleum cars, eg. how willingly are they going to change their cars in the near future, do they have the financial ability to do so if the government is unable to provide help in this area?

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- The use of innovative knowledge to mitigate the technological limitations disadvantaging and hindering the growth of the EV sector

- The use of consumer profiles to increase consumer morale towards EV

- The use of consumer profiles to form strategic financial schemes supporting the EV sector

- The short-term and long-term benefits and consequences of running a full, EV-mandated society

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- The demand for electrical vehicles will increase, resulting in the decreased use of other types of vehicles

- The public opinion and awareness towards the type of vehicle used will be changed

- Bring environmentally benefits, such as the reduction of carbon emissions

- The demand for EV charging ports will decrease as the supply for EV charging ports increase, in a society full of the widespread use of electrical vehicles, charging ports will be viewed as a necessity instead.

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If my assumptions are proven false, the EV sector will start to decline and inevitably deteriorate into a large loss of profit. Additionally, consumers will be less inclined to spend on the use of an electric vehicle due to the rapid decline in the business, resulting in the company shutting down. Additionally, the environmental harms will arise due to the increase of carbon emissions locally.

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- the Government : limited funds, resources and subsidies
- the public (consumers) : public opinion towards the use of electric vehicles

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Purpose:

Successfully convince the government to implement more aggressive approaches to shift away from Internal combustion engines and also Invest more money into the EV sector to allow a solid foundation for the EV sector to grow in the future

Move Singapore’s reliance on fossil fuel to cleaner energy as well as promote Singapore as Asia’s truly green city.

Aim:

Gain a better understanding of how much the Government is planning to invest into the electric vehicles (EV) sector.

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How much does the gov plan to invest in the EV sector?

These EVS are inclusive of which vehicles? EG: Personal transport, buses, vans?

Is there a more aggressive approach to having less reliance on fossil fuels?

What subsidies will be in place for companies and individuals to adopt EV? Free COEs? (Certificate of entitlements) Will the COE (certificate of entitlement) for EVs be lower than that of ICE vehicles?

Considering Singapore’s small size, would the grid charging stations being powered by solar energy be feasible?

How to ensure there’s enough energy/power to meet the demand for EVs  (should it rise)?

What are the safety requirements, test methods and inspection rules for EVs? (since EV car batteries can burst into flames)

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Case studies of EV sector in other countries

(EG: China: has subsidies for EV buyers, compulsory laws where all vehicle manufacturers need to manufacture EV’s per number of vehicles manufactured, large support is given towards installing EV charging points across major cities and regulations against excessive polluting vehicles.)

(EG: South Korea & Japan: setting up deadlines for shifting to full or hybrid EVs from ICE vehicles)

EG: UK’s ten point plan for a green industrial revolution, it’s ending the sale of petrol and diesel cars by 2030

The cost needed for the infrastructure

Sustainability and success of EVs

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More needs to be done to push citizens to make the shift to EVs

More research needed to find out ways we can achieve net zero emissions

More infrastructure needed (eg: charging stations in HDB carparks, condos, etc)

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Pros and Cons of this shift to EVs

Significant growth needed in the Ev sector

Perspectives of various stakeholders

EG: Mindset of consumers, which incentives will best convince people to make the switch to EVs or whether their mindsets are very fixed

EG: mindset of the operators, gov, public, etc

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Government measures towards pushing for this change to EVs will increase

Support and awareness of the public towards EVs will grow

EV industry in Singapore will develop with more innovations and become larger

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If the inferences and assumptions are false, possible implications include:

the inability to successfully fulfill Singapore’s green plan

Severe loss of resources and money by the EV sector and the government, as well as tax payers, etc

Loss of jobs of those in the EV industry

Lack/Loss of public support for EVs

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Government: Whether they are capable to support the necessary funding

Public: Unfamiliar/ New to EV so it is not so easy to convince them to make this shift. Or perhaps they have fixed mindsets regarding EVs.

Oil and natural gas industry has created many jobs, should this shift be successful, would workers in the oil and natural gas industry be at risk of losing their jobs? Or they would have to be retrained?