CHANNEL NEWS ASIA COVERAGE
BETTER INFRASTRUCTURE NEEDED TO BOOST GREEN CAR INDUSTRY.
9 December 2010
Story by
Rachel Kelly
evHUB was featured by Channel
News Asia Eco Ventures Special Feature. Below is an
excerpt of the coverage.
SINGAPORE : There may be few
electric cars on the roads in Singapore at the moment, but
experts said that number is on the rise as demand and
infrastructure picks up in the region.
Research house Solidiance has forecast that sales of
electric vehicles in China will rise to between 2 million
and 3 million in 2020, and to 25 million in 2030.
But in the short term, growth in markets such as Singapore
is expected to be more tempered.
"It will be a test-bedding type of growth, where certain
(vehicle) models that are ready, will start to come in and
they will be test-bedded in Singapore. It's up to the
manufacturers when their models will be ready... (whether)
they are going to be range extended electric vehicle or
hybrid," said David Chou, MD of evHUB.
With increasing demand for alternative energy vehicles,
evHUB is looking to bring a new option to consumers here in
Singapore next year - which is a service to convert
combustion engines in existing vehicles to electric.
