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The Untapped Potential of Electric Vehicle (EV) in SingaporeSingapore is poised to lead South-east Asia's electric vehicle (EV) revolution, with a projection that by 2040, 80% of all passenger vehicles in the country will be electric. This makes Singapore the standout market in the region, with a significantly higher adoption rate compared to its neighbours, where the regional average is expected to reach just 24%. Thailand and Vietnam are forecast to trail behind at 41% and 31% respectively, highlighting Singapore’s robust position in the green mobility sector. Singapore’s adoption of EVs is already outpacing other nations in the region. By 2023, EVs made up 19% of total vehicle sales in the country, the highest in South-east Asia. Notably, in the first seven months of 2024, EVs represented 32.1% of new car registrations, showcasing strong growth momentum. Singapore’s lead is further underpinned by a dense charging network, with one public charging station for every three EVs—far ahead of Thailand's ratio of one charger for every 16 EVs and Malaysia's one for every 38. The rapid growth of the EV market in Singapore is supported by government initiatives aimed at promoting electric mobility and a greener future. The Electric Vehicles Charging Act, introduced in December 2023, has laid the regulatory groundwork for a reliable and accessible EV charging network. It ensures that all chargers adhere to Land Transport Authority (LTA) safety standards and introduces a new licensing regime for charging operators to maintain service standards and safety. These efforts will facilitate the deployment of 60,000 EV charging points across Singapore by 2030, with 40,000 set for public car parks and 20,000 for private premises. Additionally, the Certificate of Entitlement (COE) system in Singapore plays a significant role in accelerating EV adoption. By encouraging the turnover of vehicles every ten years, the system indirectly fosters the uptake of newer, greener technologies like electric vehicles. Coupled with policies aimed at ending the registration of new diesel-powered cars and taxis from 2025 onwards, Singapore’s path towards sustainable transport is clearly defined. A key factor driving this EV expansion is the steady decline in battery prices. Batteries are the most expensive component of an electric vehicle, but BloombergNEF notes that battery prices have fallen by 90% from 2010 to 2023, and they are expected to drop further by 17% for every doubling of battery production. This trend is making EVs more price-competitive with traditional internal combustion engine vehicles, thus lowering barriers to entry for many prospective EV owners. Looking at the broader South-east Asian context, the market for passenger EVs continues to expand, fuelled by supportive policies and the involvement of major Chinese automakers. In Thailand—the largest EV market in the region—EV sales quadrupled in 2023 to 86,383 units. Singapore, while smaller in absolute numbers, recorded 5,734 EV sales in the same year, reflecting a significant adoption rate relative to its population size. Government strategies, such as mandatory EV charging provisions for new buildings and incentives like the EV Common Charger Grant for private residences, are further catalysing the growth of EV infrastructure in Singapore. By the end of 2023, approximately one-third of Housing and Development Board (HDB) car parks were fitted with EV charging points, with a target for all HDB towns to be EV-ready by 2025. The government is also working towards fostering a culture of responsible sharing of charging facilities as part of its broader aim of a seamless and accessible charging experience. Against this backdrop, EuroSports Global Ltd (SGX: 5G1) is aggressively entering the market with the launch of the Scorpio X1 EV bike. With approval from the Land Transport Authority (LTA), this electric motorcycle aims to capture the growing demand for EVs in Singapore. Given the country's favourable regulatory environment, expanding infrastructure, and consumers' increasing shift towards electric mobility, the Scorpio X1 could see significant growth in the coming years, marking a promising chapter for EuroSports Global Ltd in the electric mobility sector. The content of the article originated from The Straits Time Singapore - Singapore will have largest share of passenger EVs in S-E Asia by 2024: Report.
5Long
by HASHInvests200
Bitcoin Dominance vs. AltcoinsBitcoin dominance is an extremely important parameter for traders and investors. It marks the beginning or end of altcoins season! CRYPTOCAP:BTC.D Bitcoin dominance is an important metric for understanding the overall health of the cryptocurrency market. As the most dominant cryptocurrency, it's an indication of the strength and popularity of the asset, and can be used as an indicator of the overall market sentiment. Therefore, investors need to monitor Bitcoin dominance to gain insights into the current state of the market.
CRYPTOCAP:BTC.D
by werner666
GBPJPY BUY• basically the opposite of my YEN BASKET analysis it has formed a downward trendline which is respected for the 4th time last week and tanked down after doing so • as it reached a significant support level it lost momentum and formed hammers/dojis by that level • and also formed a downward corrective move which signals a change in direction which is up • once this mini channel breaks to the upside we going all in with buy orders • and take profits will be by the trendline GREAT SUCCESS
Long
by K0KETSO
EURJPY LONG or SHORT depending on if it breaksout or notas we can see there is a bullish divergence and its trying to break out and close above fib level, it can fly up to 123 if it does that. SHORTING is better to be honest since it can dump to 118 and then start to slowly go back up, but the bullish div is showing me smth else...im currently waiting to see what it chooses to do and make an entry :) I do have a long entry with a SL at 119.97, if sl hit I change into short otherwise we will dump further, the targets are the stupid circles on the chart!
by wrkwrkwrkwrkwrkwrk
This project is a GEM! You don't wanna miss this!Hey fellas! Firstly I want to introduce this project. Digitex Futures is a zero-fee, non-custodial futures exchange with its own base currency, the DGTX token. For details you better do some research on internet. But! Don't get late, because the exchange will be opened next week! Before going into my analysis, I'm following this project from the beginnig(ICO). So I know the every bit of price movement, behaviour very well about this token. By the way this chart is not showing full price history. For the full price history you should check DGTX on coinmarketcap. Going back to my analysis, it's obvious! You can easily see cup and handle formation. Left head of cup is showing ATH this token. And as you can see, correction is done. I think we are at the bottom of handle now. And crossing MA supporting my prediction. Like before did. So, it's time to long! I'm gonna support my prediction with some fundamental analysis: 1- There is no correlation between DGTX and Bitcoin. While BTC was falling, DGTX gave 32x profit from ATL to ATH. So any BTC price drop can't effect DGTX. 2- Treasury sale is closing to end.(You should check Digitex's website for details) 3- This token is utility token. So it have pretty much more than speculative shitcoins. 4- Exchange will be opened next week! 5- Futures exchange without commision. THIS IS REVOLUTION!
DLong
by arlanmaz
1
BTC chart drawing another BOWL patternHey hey hey. Here is my new idea. I think BTC chart is drawing another BOWL pattern as you can see. BTC price is $7400 these days. But the volume not enough for directly rising. So i'm expecting a lil' retracement to $7000 level. It's could be buying opportunity for short term trade. And then BTC price will finish drawing bowl pattern at $8000-8800. I think there is selling zone. If you are ask "what will happen when the bowl completed?", i think we will see a deeper dip for the real uptrend. We need it.
by arlanmaz