OCBC Bank, Charge+ ink deal to 'green' local transport sector

Charge+ will install 10,000 EV charging stations island-wide.

The OCBC Bank and electric vehicle (EV) charging solutions provider Charge+ have joined forces to hasten the “greening” of the local transport sector.

Encouraged by a memorandum of understanding (MoU) signed by the two parties, Charge+ would be installing 10,000 EV charging points throughout the island by 2030.

Meanwhile, OCBC Bank would carry out digital payment solutions for the charging services as well as explore financing options for the infrastructure.

“OCBC Bank will leverage its extensive coverage of the real estate sector to encourage its property developer and property owner customers to install charging points at their premises,” the bank said in a statement. “In addition, the two parties plan to develop incentives to encourage OCBC Bank customers to purchase electric vehicles and charge them at Charge+’s charging points.”