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The SG Green Plan 2030 clearly sets out the nation’s goal to reduce peak land transport emissions by 80% by or around 2050. To do so, the government has set out three key milestones1

  • 2025: No new registration of diesel cars and taxis
  • 2030: All new cars and taxis to be cleaner-energy models (hybrid or pure electric vehicles)
  • 2040: All vehicles to run on cleaner energy, complete phase-out of internal combustion engine (ICE) vehicles

To encourage the adoption of EV in line with SG Green Plan, U-Drive provides a comprehensive set of solutions and partnerships across the EV ecosystem, including dealers, charging operators, fleet owners, individuals, etc.

1Source: SG Green Plan https://www.greenplan.gov.sg/

 

Financing the EV ecosystem

Automotive OEMs

The average EV requiring 40% fewer parts than Internal Combustion Engine (ICE) vehicles, hence, automotive original equipment manufacturers (auto OEMs) will need to make changes to their supply chains and/or business models to cater to the new product range.

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Dealers

As the demand for EVs is set to rise, auto dealers will need to start expanding on their EV offerings to capture this opportunity.

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EV Charging Infrastructure Solution Providers

Operation of public or commercial charging infrastructure involves more than technical and execution excellence. Solution providers will need to look beyond to also consider customer experience and sales generation.

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With U-Drive, auto OEMs can tap on bundled and flexible sustainable financing solutions that are customised to

  • Support auto OEMs and the ecosystem
  • Smoothen the switch to manufacturing of EVs

Get in touch with us on the customised solutions available for auto OEMS.

 

With U-Drive, dealers can tap on bundled and flexible sustainable financing solutions to go-to-market and drive sales with:

  • Co-sponsorship with UOB to offer exclusive promotions
  • Expand the range of EVs at your dealership

Get in touch with us on financing for dealers.

 

With U-Drive, get connected to more dealers and end-users, and tap on this opportunity to be a leading EV Charging Infrastructure Solution Provider with:

  • Comprehensive suite of cash and payment solutions
  • Opportunity to co-sponsor charging credits
  • Establish partnerships with dealers and auto brands

Get in touch with us on the financing solutions as an EV Charging Infrastructure Solution Provider.

 

EV Charging Infrastructure Equipment Providers

Public and private EV Charging Infrastructure must keep pace with EV adoption and equipment suppliers are most suitable to address this pain point for fleet owners and individual EV owners.

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Fleet Owners

Stay ahead of the curve and start switching to an electric vehicle fleet before government regulations kick in. Forward thinking fleet owners can start reaping the benefits of electrifying their operations such as reduced expenditure on fuel and improved operational efficiency.

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Individuals

Play a part in saving the environment by reducing your carbon footprint.

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With U-Drive, get connected to more dealers and end-users and let your EV charging equipment be the preferred charger of choice. With U-Drive you can:

  • Get access to green trade facilities
  • Establish partnerships with dealers and auto brands

Get in touch with us to find out how we can supercharge your business as an EV Charging Infrastructure Equipment Provider.

 

With U-Drive, individuals can enjoy benefits under the

  • UOB Go Green Car Loan
    • Instant loan approvals on your EV purchase
    • Promotional interest rates and complimentary charging credits for selected EV brands
    • 3 Renewable Energy Certificates (RECs) for every UOB Go Green Car Loan
  • Cashback on UOB Credit Cards
    • 8% cashback* on all online transactions including CDG ENGIE EV Charging with UOB EVOL Card
    • Limited time upsized 10% cashback for selected eco partners (SP Group and GetGo) with UOB EVOL Card
    • 3.33% cashback* on retail spending including CDG ENGIE EV Charging with UOB EVOL Card

T&Cs apply

Get in touch with us on the UOB Go Green Car Loan for the purchase of EVs for personal use.

 

With U-Drive, individuals can enjoy the benefits offered under the

  • UOB Go Green Car Loan*
    • Instant loan approvals on your EV purchase
    • Promotional interest rates and complimentary charging credits for selected EV brands
    • 3 Renewable Energy Certificates (RECs) for every UOB Go Green Car Loan
  • Cashback on UOB Credit Cards*
    • 8% cashback on all online transactions including CDG ENGIE EV Charging with UOB EVOL Card
    • Up to 3.33% cashback on retail spending including CDG ENGIE EV Charging with UOB One Card

*T&Cs apply

Get in touch with us to find out more!

 

U-Drive Electric Vehicle Calculator

Use this EV calculator to see how much cost savings and carbon emission savings can be generated by switching from an Internal Combustion Engine (ICE) vehicle to an Electric Vehicle (EV).

What type of electric vehicle are you looking to purchase?

km

Existing ICE Vehicle

S$

gCO2

Electric Vehicle to be Purchased

S$

kWh

Disclaimer:

  • Results do not include insurance and road tax differentials and are calculated based on the assumption that the electric vehicle indicated runs on battery with zero tailpipe emissions. All results shown are estimates, based on assumptions and for illustration purposes only, actual figures may vary.
  • If the “tailpipe CO2 emission of your ICE vehicle” field is left blank, the default value used in the calculation for passenger and commercial vehicles is Toyota Corolla Altis at 139gCO2/km and Toyota Hiace at 228gCO2/km respectively.
  • You can refer to LTA Fuel Cost Calculator for CO2 emission of your vehicle.
  • The petrol/diesel and AC/DC charging prices used in the calculation are referenced from Shell and SP Mobility respectively, as at 3 July 2023
km

Existing ICE Vehicle

S$

gCO2

Electric Vehicle to be Purchased

S$

kWh

Disclaimer:

  • Results do not include insurance and road tax differentials and are calculated based on the assumption that the electric vehicle indicated runs on battery with zero tailpipe emissions. All results shown are estimates, based on assumptions and for illustration purposes only, actual figures may vary.
  • If the “tailpipe CO2 emission of your ICE vehicle” field is left blank, the default value used in the calculation for passenger and commercial vehicles is Toyota Corolla Altis at 139gCO2/km and Toyota Hiace at 228gCO2/km respectively.
  • You can refer to LTA Fuel Cost Calculator for CO2 emission of your vehicle.
  • The petrol/diesel and AC/DC charging prices used in the calculation are referenced from Shell and SP Mobility respectively, as at 3 July 2023
Developed in collaboration with:

Collaborations with EV Ecosystem Players

Take on financing under U Drive to benefit from these partnerships that UOB has with key ecosystem players.
Schneider Electric

At Schneider Electric, their mission is to be your digital partner for Sustainability and Efficiency.

They drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centres, infrastructure, and industries.

EVlink Smart Wallbox

Features: Maximum charging current adjustable from 8 A to 32 A, In 1-Ph (up to 7.4 kW) or 3-Ph (up to 22 kW)

Connectivity to EV: T2 socket outlet with or without shutters, or attached cable with T1 or T2 connector

View more specifications here.

UOB Credit Card collaborations

8% cashback on all online transactions including CDG ENGIE EV Charging with UOB EVOL Card
Up to 3.33% cashback on retail spending including CDG ENGIE EV Charging with UOB One Card

 

Other partners we have collaborated with:

Frequently Asked Questions

U-Drive focuses on green and sustainable financing for the EV ecosystem from Auto OEMs, Auto Dealers, Charging Operators/Installers to End-Users.

Yes, it can be bundled. Please contact us to find out more.

Vehicles with tailpipe emission of 50g CO2/km and below (including zero tailpipe emission battery electric vehicles).

Fully electric vehicle(s) (EV) that are defined by Land Transport Authority and/or Energy Market Authority as Battery Electric Vehicles (BEV) are eligible for the UOB Go Green Car Loan.

Find out more about the U-Drive financing solutions for your electrification journey

Contact Us