EVCS could impact Singapore’s urban planning and economic development: study
EVCS operators and policymakers can capitalise on strategically positioned EVCS.
Researchers from the Singapore-MIT Alliance for Research and Technology (SMART) released a study on the economic benefits of Electric Vehicle Charging Stations (EVCS).
The study revealed that strategically positioned EVCS could significantly impact urban planning and economic development.
The researchers said that this presents an opportunity for EVCS operators to create business models and strategically partner with local businesses to drive local economic growth.
Meanwhile, policymakers can use these insights to integrate the economic benefits of EV infrastructure into their planning and investment strategies.
The research team employed a comprehensive analytical framework, analysing real-world data from various regions in California, USA, using advanced statistical techniques, machine learning, and economic forecasting to ensure high confidence in their results.
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