Singapore: Amendment to Electric Vehicles Charging Act to include mandatory or proscribed terms of insurance

In brief

On 8 June 2024, the Electric Vehicles Charging (Licensing) (Amendment) Regulations 2024 ("Amendments") came into operation. The Amendments introduce a new Regulation 4A into the Electric Vehicles Charging (Licensing) Regulations 2023 ("Regulations"), which prescribes the types of insurance Electric Vehicle Charging Operators (EVCOs) must have and maintain before EVCOs can be granted a licence to provide EV charging services in Singapore or operate an EV charging station under Sections 45(2)(f) and 45(3) of the Electric Vehicles Charging Act 2022 ("Act").

Additionally, the Amendments also make administrative changes to the Regulations on how to submit required data to the Land Transport Authority ("LTA").


Contents

Key takeaways

EVCOs must be insured for a minimum of SGD 2 million per claim under one or more approved policies by an insurer authorized under the Insurance Act 1966. Such approved policies must not contain any limit on the number of claims that may be made in each calendar year.

Licensees must give the LTA or its agent its monthly static records / data by the fifth working day of the following month (previously by the third day). Licensees will now also have to submit such information through the "Static Data Submission Template" on LTA's OneMotoring website using the template provided. 

In more detail

Insurance requirements from the Act

Section 45(2)(f) of the Act provides that the insurance must be maintained throughout the validity of the licence. This insurance must insure against third-party liabilities for death, personal injury or damage to property that a customer or other person may sustain or incur in the course of using the charging stations / services. Licensees who have obtained such insurance must promptly upload their insurance cover via the OneMotoring website once a licence is obtained.

Other requirements to apply for a licence

New and existing EVCOs have until 7 December 2024 to apply for a licence. After the deadline passes, it will be an offence to continue providing charging services or operate an EV charging station without a licence. Upon conviction, an individual may face a fine of up to SGD 10,000 and/or imprisonment of up to six months, and non-individuals may face a fine of up to SGD 30,000.

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