Our Articles

17 May, 2023

How to Increase Your Carpark Revenue

Maximising revenue from car parks can be difficult for businesses. However, you can boost your earnings from the parking lot through a variety of methods. This article will discuss five methods in which a parking management business, such as LHN Parking, may assist you in increasing your carpark's earnings.

 

#1. Keep Track of Parking Rates

If you want to make the most money possible out of your parking lot, keeping track of parking fees is essential. This requires an examination of such metrics as occupancy rates, mean parking times, and revenue per space. By doing so, you'll be able to more easily identify patterns that can inform your pricing strategies. You can maintain a competitive and appealing parking rate by monitoring the market.

 

#2. Hiring a Parking Management Company

Another effective way to increase your carpark revenue is to hire a parking management company like us, LHN Parking. With over 16 years of experience in the industry, we are expertise and experience to optimize your carpark operations, improve customer experience, and maximize revenue. We provide a range of services, including parking enforcement, security, and revenue management. With the help of a us, you can focus on your core business while they handle the day-to-day management of your carpark.

 

#3. Provide Hourly and Season Parking

Offering both hourly and season parking options can provide flexibility to customers and increase revenue for the car park. Hourly parking is suitable for short-term stays, while season parking is ideal for customers who require regular parking. By providing both options, car park owners can cater to a wider range of customers and increase their revenue streams.
 

Additionally, offering season parking can provide a more stable and predictable source of revenue for the car park owner, as customers typically pay in advance for a set period of time.
 

Our parking management company offers a user-friendly app, LOT$ app, that allows drivers to easily purchase, renew, and terminate season parking from their mobile devices.

 

#4. Install Parking Guidance Systems

Parking guidance systems guide drivers to available parking spaces in a car park. It aims to make it easier and faster for drivers to find a parking space, reducing the time spent driving around looking for a spot and improving the overall customer experience.

 

Parking Ultrasonic Sensors

Ultrasonic sensors detect open and occupied spaces, and RGB indicators display space availability to drivers.

 

Digital Lot Availability by Level

For properties with multiple parking areas, a multi-facility sign announces the number of available spaces at each garage or lot.

 

Directional Parking Signage

These advice signs allow a parker to make on-the-spot options (left, right, or straight) based on available spots after committing to a level.

 

#5. Value-Added Services

Finally, you can boost carpark income by providing value-added services like electric vehicle charging. Having charging stations available can bring in more consumers and money as the demand for EVs rises. Your company's reputation as a caring, environmentally conscious entity can get a boost by facilitating EV charging.

 

In conclusion, increasing your carpark revenue requires a strategic approach that involves analyzing data, optimizing pricing, and providing value-added services. Hiring a parking management company like LHN Parking can help you to achieve these goals and maximize your revenue potential. Contact us today at enquiry@lhnparking.com.sg to find out how we can help you to increase your carpark revenue and enhance your customer experience!

21 April, 2023

5 Tips on Choosing the RIGHT Parking Management Company

Parking management companies are companies that provide businesses, property owners, and municipalities with a variety of parking services. These parking management companies oversee managing parking spaces and ensuring that they are well-maintained, safe, and secure. They also offer parking enforcement, parking lot design and construction, and revenue management. Finding the right parking management company is critical for businesses and property owners who want to ensure the smooth and efficient operation of their parking operations. In this article, we will go over the five tips for selecting the best parking management company, as well as how LHN Parking can assist you with your parking needs.

 

Tip 1: Experience and Expertise

When looking for a parking management company, it is crucial to consider the company's experience and expertise in the industry. Look for a company that has been in operation for a number of years and has a track record of success. An experienced parking management company will be able to handle any parking-related issues that may arise. LHN Parking has over fifteen years of experience in the parking management industry, and we have the expertise to manage parking lots of any size and type, ensuring we provide our clients with customized parking solutions that are tailored to their specific requirements.

 

Tip 2: Services Offered

To meet the needs of the business, the parking management company should provide a variety of services. Ticketing systems, parking enforcement, parking guidance systems, and revenue management are examples of these services. At LHN Parking, we provide a variety of services that are tailored to the specific needs of our clients. Ticketing systems, parking enforcement, parking guidance systems, revenue management, and many more are among our offerings.

 

Tip 3: Technology and Equipment

A good parking management company should have the latest technology and equipment to effectively manage parking lots. They should have a dependable parking management system capable of tracking parking lot usage, providing real-time occupancy data, and streamlining parking operations. LHN Parking employs cutting-edge parking management systems to keep our clients' parking lots well-managed and secure. We also have cutting-edge parking equipment, such as automated parking systems and our latest license plate recognition technology, to ensure that parking operations run smoothly.

 

We are also proud to be the first parking management company in Singapore offering our very own customized app, the LOT$ app. This application allows our valued customers to effortlessly purchase, renew, and even terminate their season parking with just a few simple clicks.

 

Tip 4: Customer Service

Customer service is essential in any business, including parking management. The parking management company's staff should be responsive and professional, and they should be able to assist customers with any parking-related issues. They should also have a customer service hotline available 24 hours a day, seven days a week to handle any parking emergencies that may arise. We are well-known for providing excellent customer service, and we have a team of responsive and professional employees on hand to help customers with any parking-related issues.

 

Tip 5: Contract Terms

The parking management company's contract terms should be clear and transparent, stating the services provided, the pricing structure, and the duration of the contract. Before signing a contract, businesses should carefully read it and understand its terms and conditions. LHN Parking provides contract terms that are clear and transparent, outlining the scope of work, pricing, and contract duration.

 

Conclusion

For businesses and property owners who want to ensure that their parking operations run smoothly and efficiently, selecting the right parking management company is critical. You can find the right parking management company to meet your specific needs by following the five tips outlined in this article. LHN Parking is dedicated to exceeding our clients' expectations by providing high-quality parking management services. Get in touch with us today to learn more about our parking solutions and how we can assist you with your parking requirements.

20 March, 2023

How to parallel park in 4 simple steps

Many new drivers are afraid of parallel parking and try to avoid it because they are concerned about damaging other vehicles or causing a traffic jam behind them.
 

Parallel parking is a difficult skill to master, but it is required to learn in Singapore because there are only two types of parking in Singapore: parallel parking and vertical parking.


Here's everything you need to know about parallel parking; practice makes perfect.

 

How to Parallel Park

Step 1: Find the right parking spot.

Parallel parking requires careful examination of the available parking space to determine whether your vehicle will fit. As a rule of thumb, the parking space should be around 1 time the length of your vehicle. Only then should you pull up or continue searching until a suitable parking space available. Once the ideal parking spot has been spotted, put on your double signal to alert the car behind, move 0.5 metre further forward than the front, and maintain your car about 1 metre beside the front vehicle. 

 

Step 2: Put it in reverse.

Before reversing your vehicle, check your left or right side mirror to ensure no other vehicle or people beside. Next, slowly reverse and tilt your steering at 45 degrees towards your parking space until the middle of your vehicle is parallel to the rear bumper of the other vehicle, then straighten the steering wheel.

 

Step 3: Slot your car into position.

Now, tilt 45 degrees of your steering wheel to the opposite of your parking space and continue reversing until your vehicle is perfectly aligned with the other vehicles and parallel to the driver's side wall or divider.

 

Step 4: Straighten and align.

Check your car's distance from the vehicles in front and behind, as well as the road's edge. Always center your car between the two other vehicles, as it allows both cars to have room to exit the spaces. Your car should be between 12 and 18 inches from the vehicles in front and behind. If not, reposition your vehicle until its lines are perfectly parallel and it is centered.

 

That is all! Looking for a parking lot with fewer cars and larger spaces to practice parallel parking in Singapore? We have few parking locations where beginners can practice parallel parking. Simply click on the location below to get navigation.

 

Locations:

  1. Golden Mile Tower
  2. 10 Raeburn Park
  3. 202 Kallang Bahru
  4. 18 New Industrial Road
  5. 39 UBI Road 1

 

Keep in mind that practice makes perfect. The more you practice parallel parking with these tips, the easier it becomes to master the skill without fear or risk of colliding with other parked vehicles. 

30 January, 2023

How to use public EV Chargers in Singapore?

In recent years, electric vehicles have become one of the most cost-effective and environmentally friendly purchases. Many people are switching to electric vehicles because of rising fuel prices and various government incentives. Of course, new EV drivers may have questions on where to charge and how to charge using our LHN’s public EV Charging Stations. In this article, we will cover all your concerns.

 

Types of EV Charging Stations

There are two types of electric vehicle chargers available in Singapore: the Mennekes (Type 2) charger and the Combined Charging System 2. (CCS2). The Mennekes charger uses alternating current (AC) whereas Combined Charging System 2 uses direct current (DC).

 

Alternating Current (AC) is often sufficient and much more cost effective than DC, and that is why it’s often use in public charging. We have explained all types of electric vehicle chargers in our previous article.  

 

Charging Electric Vehicle with Us

Step 1: Locate Nearby Charging Stations

Download the Plugit app from App Store or Play Store. Locate the nearest charging point around your area and get directed to the charging point by clicking on the navigation icon as shown in the picture below, step 2. 

Plugit will display all the charging station information you need to know. Plugit will notify you before you go to the charging station whether the charger is available, in use, or if there is a problem with the station. This can save you a lot of time and effort. It also displays the charging wattage as well as the rate per kWh.

 

Step 2: Connect the Charger Plug to your Vehicle

Place your EV at the available charging station and connect the charger plug to your vehicle. 

 

Step 3: Select Payment Method

Once the car and charging station are connected, the charging session can begin. To begin charging, you must typically first authenticate yourself so that the charging station can arrange payment to your account.

Enter the charger ID on your Plugit app and press “Start Charging”. Charging will begin as soon as the charger identified you. When the green LED light in the charging station start blinking, you’ll know that charging is in progress. You can monitor the charging process on the car's dashboard, the charging station, or on the Plugit app while the vehicle is charging.

 

Step 4: End the Charging Session

When your EV has reached the desired level of charge, the charging session is complete. To end the charging session, you’ll have to do the same way as you started it on step 3: stopping it through the Plugit app.

The charging cable is typically locked to the car while charging to prevent theft and to reduce the risk of electric shock. When you're finished charging, you may need to unlock the cable from the dashboard before removing it.

Finally, unplug the cable and place the charger back to the charging station. Your electric vehicle is now fully charged and ready to go!

 

Good News

EV drivers who charge at any of our EV charging stations are entitled to preferential parking rates, with FREE parking for the first hour and $0.75 per hour after that. Simply fill out the application and you will be approved within three business days.

 

07 December, 2022

What are Parking Guidance Systems?

It can be frustrating and time-consuming to drive about in today’s congested cities in search of a parking spot when you just want to get to where you want to be. Many people use cars to get to and, from work to the mall, to sport events, and even to and from their homes. At each of these locations, we must be able to park our car to perform the task at hand. If businesses and employers want customers and employees to be able to access their premises, they must ensure that parking spaces are available. However, finding a parking spot isn’t always easy. When parking lots are full, customers are often seen to driving around aimlessly. Some customers simply give up and go to a location with a pleasant parking experience. Parking Guidance System help businesses maximize the value of their parking lots and have become popular in car parks around the world.

 

What is Parking Guidance Systems?

Parking Guidance Systems (PGS) is an advanced car counting or vehicle detecting system that offers dynamic data to improve car park circulation and space optimization. These are often found in large multi-story vehicle parks such as shopping centres but can utilized in other locations as well. These systems use communication, traffic monitoring, and Variable Message Signs (VMS) to provide a comprehensive service.

 

Key Components of Parking Guidance Systems

A parking guidance system is comprised of a few different parts, and the vast majority of systems require these parts to function at maximum efficiency.

Each system may have a minor differences, but the core concept is similar.

 

Vehicles – the system is designed to count and manage vehicles within the car park. Without vehicles present, the system will not have anything to count.

Parking Guidance Component

 

Signs – parking signs assist drivers identify available spaces within a car park. They provide real-time information to drivers from the entry and throughout their parking trip.

Parking Guidance System LED Sensor

 

Detectors - there are multiple variants of the underlying technology that determines whether or not a parking spot is occupied. On the other hand, it can detect when a car enters and exits the parking spot.

 

Indicators - in most cases, there will be the LED lights placed directly above empty parking spots to 'signal' where you can park. Generally speaking, the colour green indicates a free parking spot, while the colour red indicates that it is already taken.

 

Control Systems – Information is gathered and distributed from this hub. Collecting data on cars and free parking spots and displaying it to drivers.

 

Network Controller – network controller is to sum up all parking data from video detectors and transmit them to server, then transfer commands from server to LED display.

 

How Parking Guidance System work

How Do Parking Guidance Systems Work

Parking guidance systems use several technologies to help motorists find available parking spots with minimal time and effort spent searching.

 

PGS creates an easy-to-use parking environment by integrating technologies including traffic monitoring, Variable Message Signs (VMS), onsite communication, and vehicle processing.

 

One of the most common ways Parking Guidance Systems works are by following process.

 

  1. Each vehicle that enters the parking lot is “scanned” through the In-Vehicle Unit of each individual cars.
     
  2. Variable Message Signs direct drivers to the empty parking spaces. There are a number of ways to achieve this, including letting customers know how many parking spots are available: on their floor, in a certain floor of the car park, and even down each row of the parking structure.
     
  3. Free parking spots can be easily located with the help of Parking Space Indicators. Usually, green LEDs are used, but other colours are possible.
     
  4. The sensor above each parking spaces will detect the presence of the vehicle when parking in, reducing the number of available spots. In most cases, the red light on the LED indicates that the spot has been taken.
     
  5. After the vehicle has completely left the parking spot, the sensor will be marked as available again with green LED and next vehicle will be directed there.

 

This is an example of how a Parking Guidance System might function to help illustrate its operation in real-life scenario. All systems are different, but this should give you an idea of how the system works.

 

6 Benefits of Installing Parking Guidance System to Building Owners
 

  1. Increased Efficiency: By providing real-time information about available parking spaces, Parking Guidance Systems can significantly reduce the amount of time and frustration drivers spent searching for a parking spot.
     
  2. Improved Customer Experience: A Parking Guidance System can greatly enhance the overall customer experience by making parking more convenient and efficient. This can lead to increased customer satisfaction and loyalty.
     
  3. Increased Occupancy: By making parking more efficient and convenient, Parking Guidance Systems can help increase occupancy rates and maximize the use of available parking spaces.
     
  4. Increased Revenue: By maximizing the use of available parking spaces and improving the overall customer experience, Parking Guidance Systems can help increase revenue and improve the bottom line.
     
  5. Enhanced Security: Some Parking Guidance Systems include features such as license plate recognition and security cameras, which can help enhance the overall security of your parking facilities.
     
  6. Easy Installation and Integration: Parking Guidance Systems are easy to install and integrate with existing infrastructure, with minimal disruption to your business operations.

 

As more and more cars hit the road, there’s a need for better parking solutions. One way to address the issue is with the Parking Guidance System. With 16 years of skill and experience, LHN Parking currently operates over 70 carpark locations in Singapore and is now a key service provider to many Statutory Boards, Listed and Private entities over a wide range of property types ranging from Industrial, Commercial to Tertiary campuses.

 

Are you interested in Parking Guidance System? Get in touch with us and listen to our solution.

LHN Parking enquiry

19 October, 2022

All You Need to Know About In-Vehicle Unit (IU)

What is an In-Vehicle Unit (IU)

In-Vehicle Unit is a mandatory device to install for all vehicles registered in Singapore and is mounted under the windshield on the right side of the dashboard. Insert your cash card or alternative cards into your device and the money will be automatically deducted as you pass through the Electric Road Pricing (ERP) gantry, or when you enter an Electric Parking System (EPS) carpark.

 

Old Vs. New IU

There are two kinds of In-Vehicle Unit on the road: The Old IU, and the New IU/Dual-Mode IU.

Comparison of old and new In-Vehicle Unit

(Photo Credits: The Straits Times / SGCarMart)

 


Old IU

The following cash cards listed are accepted:

-        NETS CashCard

 

New IU

The new IU/Dual-Mode IU is about 34% to 50% smaller than the old IU and is currently the one being used by most drivers on the road. However, it also depends on what vehicle you’re driving.

The following cash cards listed are accepted:

-        NETS CashCard
-        NETS FlashPay
-        NETS Motoring Card
-        Credit Cards
-        CEPAS-compliant cards (EZ-Link, NETS, TransitLink)
-        AUTOPASS Flashpay

The new IU interface shows both the amount deducted and the balance on your card. If you decide to use a CEPAS compliant card, you can automatic top-up your card when the balance drops below a certain amount.

 

List of Inspection Centres If Your IU is Faulty

Mondays to Saturdays 8:00am – 5:00pm (except public holidays)

JIC Inspection Services Pte Ltd
(Jurong)

53 Pioneer Road
Singapore 628505
Tel: 6863 9639

VICOM Inspection Centre Pte Ltd
(Bukit Batok)

511 Bukit Batok Street 23
Singapore 659545
Tel : 6458 4555

JIC Inspection Services Pte Ltd
(Ang Mo Kio)

21 Ang Mo Kio Street 63
Singapore 569118
Tel : 6484 7370

VICOM Inspection Centre Pte Ltd
(Changi)

20 Changi North Crescent
Singapore 499613
Tel : 6458 4555

STA Inspection Pte Ltd
(Sin Ming)

302 Sin Ming Road
Singapore 575627
Tel : 6452 1398

VICOM Inspection Centre Pte Ltd
(Kaki Bukit)

23 Kaki Bukit Avenue 4
Singapore 415933
Tel : 6458 4555

STA Inspection Pte Ltd (Boon Lay)
249 Jalan Boon Lay
Singapore 619523
Tel: 6261 6178

VICOM Inspection Centre Pte Ltd
(Yishun)
501 Yishun Industrial Pk A
Singapore 768732
Tel : 6458 4555

VICOM Inspection Centre Pte Ltd (Sin Ming)
385 Sin Ming Drive
Singapore 575718
Tel: 6458 4555

 

Authorised IU Services Centres

INDECO ENGINEERS (PTE) LTD
Tel : 6382 8276
Operation Time : 8.30 am - 5.45 pm (Mon-Fri) (except PH)
 

LIAN HUP HENG MOTOR LLP
393A Woodlands Road
Yew Tee Industrial Estate
Singapore 677973
Tel : 6760 2153
Operation Time : 8.30 am - 6.00 pm (Mon-Sat) , 0800 - 1700hrs (Sat) (except PH)
 

FIVE LUCK ENTERPRISE
Blk 127 Bukit Merah Lane 1
#01-226
Singapore 150127
Tel : 62781133
Operation Time : 9.30 am - 5.00 pm (Mon -Sat) (except PH)
 

LEADER AUTOMOBILE WORKSHOP
2 Kaki Bukit Avenue 2,
#02-01 Kaki Bukit AutoHub
Singapore 417921
Tel : 66358338 / 67466931
Operation Time : 9.30 am - 5.00 pm (Mon-Sat) (except PH)
 

SOON HENG TAXIMETERS SERVICE
Blk 28 Sin Ming Drive #01-157
Singapore 575702
Tel: 65534607
(For Taxis Only)
Tel : 65534607
Operation Time : 8.00 am - 5.00 pm (Mon-Sat) (except PH)

 

Where to Find My IU Number?

Every IU has its own unique registration number for identification. It’s called the “IU number” and is a 10-digit number located on a sticker on your in-vehicle unit.

Where to find In-Vehicle Unit (IU) number

(Photo Credit: OneMotoring)

 

How to Repair, Replace or Remove an IU

You’ll need to send your vehicle to an approved inspection centre to have your IU removed. If you accidentally damaged your IU, you’ll need to get it repaired (assuming your warranty hasn’t expired). However, if your warranty has expired, you would most likely have to replace your IU. The removal of IU comes with a service fee of about SGD 15 at every service centre.

18 October, 2022

Is Charging an Electric Car Cheaper than Refueling Petrol?

In this post, we’ll be answering the question that most potential EV drivers may ask when considering the swap from a petrol, diesel, or hybrid car to an all-new EV: Is it cheaper to charge an electric car compared to filling up petrol?

 

Is EV charging cheaper than fuel?

Before we get into comparing the cost of charging an EV and filling up petrol car, you should know that there are various factors that affect the price of electricity and gas.

 

Refueling Petrol or Charging Electric Vehicle

(Photo Credit: Unsplash)

 

What is the cost for filling up petrol or diesel?

When it comes to the price of fuel, there are four elements that influence how much you will pay for it at the pump. The four considerations include: The cost of crude oil itself is the primary factor in determining the price of fuel. Taxes, distribution, and refining charges together account for around 45 percent of total fuel expenditures.

 

Prices of the pump go up and down in response to shifts in the value of crude oil, which is a common occurrence generally because diesel fuel is a major transportation fuel, the demand for the fuel generally follows economic trends. You can check the average price in Singapore and in other countries here. Now that we understand the factors affecting the price of the fuel, then what other factors will influence what you may pay for the fuel?

 

Type of Engine

When it comes to calculating how much money a vehicle will spend on gasoline, the type of engine it has is one of the most important factors. There are three major types of Internal Combustion Engine (ICE) in use today:

 

Petrol Engines: Majority of passenger vehicles are equipped with petrol engines. In summary, these vehicles produce the highest CO2 emissions, consume the most gasoline per kilometer, and cost the most to run, but because petrol engines produce fewer pollutants than diesel, they are frequently less expensive than diesel.

 

Diesel Engines: Diesel engines, which are similar to petrol engines except that they run on a fuel that is more energy dense, use 10 – 20 percent less fuel than their gasoline counterparts. The average price of a litre of diesel fuel is currently SGD 2.74 and petrol at SGD 2.71 per litre. Diesel emits more pollutants than Petrol does, and therefore can be subject to higher taxes.

 

Hybrid Engines: This engine is rather special as it powered by an ICE and an electric motor. Because the battery complements the gasoline driving to help maximize fuel efficiency, hybrid vehicles have even lower fuel consumption than conventional vehicles. Simply said, they are more cost-effective than petrol or diesel because they require fewer stops to be refilled.

 

Size of Vehicle

Another factor to take into consideration is the size of the vehicle. To move a heavier vehicle, more power is required. Because of the greater rolling resistance associated with heavier vehicles, fuel consumption rises. That to be said, lighter vehicles tend to be better for the environment and to be more cost-efficient to run. However, only Internal Combustion Engine (ICE) vehicles are seriously impacted by weight, as hybrids and electric vehicles may recover some of the energy wasted.

 

Fuel economy per vehicle

Fuel economy is most often measured by the distance a vehicle can travel on a given volume of fuel. In Singapore, we measure fuel economy using Kilometres per litre (km/L).

 

When calculating how much it costs to fill up a car with fuel, this is an essential number to know. What qualifies as fuel efficient? Anything that is listed as less than 5 – 8 litres per 100km is pretty good, between 8 to 12 litres would be average, and more than 12 litres is considered low fuel efficiency.

 

The current petrol rate in Singapore is at $2.71 for Grade 92. So, if you are looking to fully filled up a Toyota Prius Plus with 45L fuel tank capacity, you’ll pay around $121.95. Let’s take 6 litres per 100km for average cars and estimate driving 1,500km a month, then you’ll need around 250L to fuel it properly. At $2.71 per litre, that will cost you $677.50 a month.

 

Electric Charging cheaper than refueling gas?

(Photo Credit: Unsplash)

 

How much does it cost to charge an electric car?

To calculate the cost of charging EV is more complicated. While the cost varies surprisingly depending on where you charge, the price of electricity, at what time you charge, and the efficiency of the vehicle. The capacity of an electric car’s battery is expressed in kilowatt hours (kWh), which is a measure of the energy storage available in the cells. There are three different EV charging levels which all comes at a different cost.

 

Level 1 Charging: With a Level 1 charger, you just plug it into a regular 120-volt wall outlet at home. Level 1 charges are mostly installed in home garages and driveways. A Level 1 charger is extremely slow at a charge rate of 3 to 8 KM per hour. Most people use Level 1 chargers for an overnight charge.

 

Level 2 Charging: Level 2 charging means that you charge your EV at a station that is attached to a wall, pole, or stands on the ground. Given their price point and charging speed, Level 2 chargers are commonly found at some residential and mostly commercial locations.

 

Depending on the power output of the charging station and the type of vehicle, a Level 2 charging station can charge a car anywhere from 5 to 15 times faster than a regular plug. Find EV charging stations at LHN sites in Singapore. 

 

Level 2 charges can charge in many ways, and it is more than enough for most EV. A 7.4 kW charger gives about 40.2 km of range after an hour of charging, an 11 kW charger gives about 59.5 km of range, and 22 kW charger gives about 120.7 km of range. These calculations are estimates based on the average battery use of 18kWh per 99.7 km.

 

Level 3 Charging: Level 3 charging, which is also called “DC fast charging,” uses direct current (DC) instead of alternating current (AC) like Level 1 and Level 2 chargers, so it can charge quickly. Do note that not every Electric Vehicles can use Level 3 chargers to charge their vehicles. Level 3 charging takes between 15 to 45 minutes to charge most electric cars up to 80 percent.

 

Energy Prices and EV Charging

Now, let’s do a rough estimate of how much it costs to charge with LHN Energy Resources. Multiply the size of the car’s battery by how much LHN’s charges per kWh. As of time of writing this article, we are charging a kWh at $0.52. So, if you want to fully charge a 62 kWh battery Nissan Leaf, it will cost you about $32.24. If you want to fully charge a Tesla Model X with its larger, 96 kWh battery, it will cost closer to $49.92. This calculation is just an example because it does not take into account the battery percentage before charging or the general condition of the battery.
 

Fuel economy for electric vehicles

Number of kilometres travelled per kilowatt-hour is the standard measure of “fuel efficiency” for electric vehicles (kWh). As an average small electric vehicle can travel 6.4 km per kWh, if you typically drive 1600 km a month, then you’ll need at least 250 kWh to fully charge your vehicle. It will cost you $130 a month at the current rate of $0.52 per kWh.

 

Summary

After factoring in all the possible outcomes, it may be useful to examine the typical annual expenditure on gasoline for each car. Based on BudgetDirect report, the average Singapore car is driven 17,500km annually with the cost of current fuel rate of $2.71, it will cost you about $7,905 annually.

17,500km / 6 (average L/km) x $2.71

 

To calculate for EV, we will simply take kilometres and divide with average small electric vehicle travel kilometres which is 6.4km then multiple with the cost of current electricity rate of $0.52 per kWh, and it will cost you about $1,422 annually.

17,500km / 6.4 (average kWh) x $0.52

 

Through the above calculation, we can see the huge difference in cost for charging EV and filling up petrol. The cost of Petrol is about 450% more expensive than the cost of electric in a year. Electricity is WAY CHEAPER than petrol or diesel vehicle!

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