Infrastructure providers need to do more to address ‘range anxiety’ on EV adoption
Government subsidies are not enough to raise electric vehicles adoption.
In a bid to increase electric vehicle (EV) adoption in the market, the government implemented subsidies such as a grant to back charging infrastructure in non-landed private residences.
However, for analyst KPMG, infrastructure providers need to step in as government interventions are not enough to resolve concerns of some consumers towards shifting to EVs.
“Infrastructure providers will need to set up enough chargers island-wide in good time to cater to the growing numbers of EVs and allay consumer concerns,” read the report.
READ: Gov’t may consider an outright ban on fossil-fueled vehicle sales
Concerns towards making EVs cheaper and convenient are also important to entice consumers to use EVs, said KPMG.
“Their decisions will depend not only upon affordability, but also on considerations such as convenience and lifestyle choice,” added KPMG.
“Range anxiety remains a key concern, for example. EVs can generally drive for one-fourth of the distance of an equivalent internal combustion engine car before needing to recharge,” it added.
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