Going Green - Supporting a future of electric vehicles (EV)

Tuesday, September 1, 2015

Purpose

As the market leader, CapitaLand constantly innovates to cater to the needs of its customers and stay ahead. In understanding that the availability of charging stations is key to greater adoption of EVs, which help reduce carbon emissions, CapitaLand has embarked on making EV charging infrastructure more accessible at its network of properties across integrated development, shopping mall, serviced residence, office and residential sectors.

 

EV worldwide sales have grown exponentially since 2009. Attesting to the growing popularity and adoption of electric mobility, global sales were expected to reach one million in September 2015 – 10 times the 100,000 EVs sold as recently as 2012. This exponential growth is expected to continue, with up to 20 million EVs expected to be on the roads by 2020. The expansion of its EV charging network will bring greater convenience to the growing group of EV-owner customers.

 

The Group’s goal is to form an integrated CapitaLand network of charging stations, where its customers who are EV owners can plug-in and charge their cars easily and seamlessly when they live, work and play at its properties.

 

Approach

In Singapore, CapitaLand announced in September 2015 that it would double the number of plug-in EV charging stations at its properties and nearly double the locations through its on-going collaboration with premium car manufacturer BMW Asia. Six public EV charging stations would be installed at four new locations outside the financial district at The Star Vista and Westgate (two stations each) and at Bedok Mall and The Atrium@Orchard by 2016, in addition to the six stations already available at Capital Tower, CapitaGreen (two stations), One George Street, Raffles City Singapore and Six Battery Road in the Central Business District (CBD), providing a total of 12 EV charging stations out of the 47 in Singapore.

 

CapitaLand is also leveraging the scale of its China portfolio to establish what is believed to be the country’s largest EV charging network, which includes stations set up with BMW and premium EV manufacturer Tesla. In September 2015, the Group had 81 EV charging stations in 23 properties, across integrated development, shopping mall, serviced residence, office and residential sectors, and would be extending its network in the country to another 10 shopping malls in the near future.

 

CapitaLand, through its wholly-owned subsidiary The Ascott Limited, had set up charging stations in Europe at a Citadines serviced residence in Brussels, Belgium, with plans to install stations at another Citadines property in the same city by 2015. It is also looking at expanding the network to a Citadines property in London, United Kingdom, and all Citadines serviced residences in Germany by 2016.

 

Results

CapitaLand is set to offer over 100 EV charging stations in more than 40 properties across Asia and Europe, across integrated, shopping mall, serviced residence, office and residential developments.This network of charging stations allows tenants, shoppers, residents and visitors to fully charge their electric vehicles over a working day, during their visit, or when they rest for the day in the building.

 

 “As a responsible developer, CapitaLand is committed to operate our buildings in a sustainable manner. Since 2008, we have reduced the carbon emissions intensity of our global operational properties by 21%. Taking this to the next level, we hope to enable our stakeholders to further reduce their carbon footprint and join us in supporting sustainable mobility. We understand that the availability of charging stations is key to greater adoption of EVs, which help reduce carbon emissions. As property owners, we therefore recognise the instrumental role we can play in helping to make charging infrastructure more accessible.”

–  Mr Tan Seng Chai, Group Chief Corporate Officer, CapitaLand Limited and Chairman, CapitaLand Sustainability Steering Committee