What’s the next big move for industrial parks in Singapore? The answer lies in electrification. As Singapore accelerates its push toward sustainability under the Green Plan 2030, electric vehicles (EVs) are becoming a central part of the nation’s transportation future. With the government aiming to phase out internal combustion engine vehicles by 2040, the demand for EV charging infrastructure is set to skyrocket.
For industrial parks, this presents a unique opportunity. By investing in EV charging infrastructure, industrial parks can attract forward-thinking tenants, generate new revenue streams, and contribute to Singapore’s sustainability goals. Let’s explore why this investment is essential and how EVFY can help make this transition seamless and cost-effective.
Why EV Charging Infrastructure Is Essential for Industrial Parks
Singapore is rapidly transitioning to electrification, and industrial parks are perfectly positioned to lead the way. In 2024, over 30% of new car registrations in Singapore were EVs—a clear sign of growing adoption. The government has also committed to installing 60,000 EV charging points by 2030, creating opportunities for private sector players like industrial parks to step in and meet rising demand.
Key Reasons Why Industrial Parks Should Act Now
Strategic Locations: Industrial parks often have large parking spaces and centralized locations, making them ideal for hosting EV chargers.
Growing EV Adoption: More businesses and individuals are switching to EVs, increasing the need for accessible charging points.
Government Incentives: Policies and support are encouraging private investments in charging infrastructure.
Competitive Edge: Early adopters can position themselves as leaders in sustainability, attracting high-value tenants who prioritize green practices.
By acting now, industrial parks can future-proof their operations while contributing meaningfully to Singapore’s green mobility goals.
The Benefits of Electrification for Industrial Parks
Electrification isn’t just about going green—it’s about creating tangible value for your park and tenants. Here’s how investing in EV charging infrastructure benefits industrial parks:
1. Attract Sustainability-Focused Tenants
Businesses today are prioritizing sustainability more than ever before. Many companies are transitioning their fleets to EVs as part of their environmental goals. By offering EV charging facilities, your industrial park becomes an attractive option for tenants looking to align with their green objectives.
Companies with corporate sustainability goals often look for locations that support their environmental initiatives. Installing EV chargers shows that your park is aligned with these values, making it easier to attract high-value tenants who prioritize reducing their carbon footprint.
2. Unlock New Revenue Streams
EV chargers are not just amenities—they’re income-generating assets! You can monetize them through:
Charging fees paid by users
Hosting partnerships with Charge Point Operators (CPOs)
Advertising opportunities on or near the chargers
With EV adoption growing year after year, these revenue opportunities will only expand.
Additionally, as industrial parks become hubs for sustainable practices, they can attract more businesses that rely on EV fleets or require access to reliable charging solutions.
3. Enhance Your Park’s Reputation
Installing EV chargers signals that your industrial park is forward-thinking and environmentally conscious. This enhances your reputation among tenants, visitors, and stakeholders while positioning your park as a leader in sustainability.
A strong reputation as a green-focused industrial park can also open doors to partnerships with eco-conscious organizations or even government-backed projects aimed at promoting sustainability.
4. Stay Ahead of Regulations
Singapore’s policies increasingly favor green practices, including mandatory provisions for EV-ready developments. Early adoption ensures compliance with future regulations and avoids costly retrofits later. By proactively implementing electrification solutions now, you’re not just avoiding penalties—you’re setting your park up as a model for other developments.
How Industrial Parks Can Implement Electrification Solutions
Transitioning to electrification might seem complex at first glance, but with the right partner—like us at EVFY—it can be straightforward and cost-effective. Here’s how we can help you get started:
Step 1: Conduct a Site Assessment
Every industrial park has unique needs. The first step is evaluating:
How many chargers are required based on tenant demand
The type of chargers suitable for your location (e.g., fast or standard)
Electrical capacity upgrades (if necessary)
Our team at EVFY specializes in conducting detailed site analyses to ensure optimal outcomes for your park.
Step 2: Choose Flexible Ownership Models
We understand that every business operates differently, which is why we offer flexible ownership options:
Own the charging infrastructure outright for full control over operations
Host the chargers on your property without upfront costs while benefiting from hosting fees
Whatever your preference, our solutions are tailored to meet your specific needs.
Step 3: Scale Gradually
You don’t need to install dozens of chargers all at once! Start small with a few units and expand as demand grows. Our modular systems make scaling easy and cost-effective.
Scaling gradually also allows you to monitor usage trends and adjust your plans accordingly—ensuring you’re not over-investing or under-preparing.
Step 4: Ensure Reliable Maintenance
Charging infrastructure requires regular upkeep to remain operational. At EVFY, we provide expert maintenance services that minimize downtime and keep everything running smoothly. Our proactive approach ensures that any issues are resolved quickly, so your tenants always have access to reliable charging facilities.
Why Choose EVFY for Electrification?
When it comes to electrification solutions in Singapore, we at EVFY are your trusted partners! Here’s why industrial parks should work with us:
Comprehensive Support: From planning to installation and maintenance, we handle every step of the process so you don’t have to worry about a thing.
Tailored Solutions: We create customized electrification strategies that align perfectly with your operational goals while maximizing efficiency.
Islandwide Network: Our expansive network ensures reliable access to power wherever your business operates.
Expert Maintenance Services: We proactively maintain your infrastructure to keep everything running smoothly—no interruptions or hassle.
With our expertise and dedication to sustainability, we’ll help you supercharge your industrial park while reducing its environmental impact.
Trends Shaping Electrification in Singapore
Electrification isn’t happening in isolation—it’s part of larger trends transforming Singapore’s economy and environment:
Key Trends Driving Electrification:
Green Plan 2030: The government is heavily investing in sustainable mobility solutions like public transport electrification and incentives for private sector adoption.
Corporate Sustainability Goals: Many companies are committing to net-zero emissions by adopting green logistics practices and transitioning their fleets to EVs.
Technological Advancements: Innovations like ultra-fast chargers and smart energy management systems are making electrification more efficient than ever.
Consumer Behavior Shifts: With more individuals opting for EVs due to lower running costs and environmental benefits, businesses need accessible charging points more than ever before.
By aligning with these trends, industrial parks can remain competitive while contributing meaningfully to Singapore’s green future.
Supercharge Your Industrial Park with EVFY Today!
The future of transportation is electric—and industrial parks have an essential role to play in driving this change forward. By investing in EV charging infrastructure today, you’re not just meeting current demands—you’re setting up your industrial park for long-term success.
At EVFY, we specialize in making electrification easy and effective for you! Whether you need seamless charging infrastructure or customized electrification plans tailored specifically for your needs, we’ve got you covered.
Contact us today! Let’s work together to transform your industrial park into a green powerhouse that benefits both your bottom line and the planet!