In the Philippines, I don’t hear much about electric vehicles but in Singapore, they aim to phase out petrol and diesel vehicles by 2040. This puts gas stations under pressure to change their business models.
With most petrol stations already strategically placed in locations according to driving patterns, they should consider investing in fast-charging infrastructure to differentiate themselves from home charging and draw more customers, said EY’s global transport leader Tony Canavan.
“With that, for time-starved drivers needing a fast recharge, fuelling stations can become the place of choice. This complements the slower home chargers, which can be the place for regular charging, but for a fast recharge, refuelling stations would be preferred,” he said.
Are gas stations on the decline? Perhaps that future is closer to other countries, even in the developed ones who can afford to shift to cleaner transportation solutions.
If you are living in Singapore and would like to shift to an electric vehicle, you can still enjoy higher rebates until 2025.
jessa 