Singapore’s Competition and Consumer Commission (CCS) gave conditional approval for SP Mobility to acquire competitor ChargEco on May 28, 2026, with commitments lasting three years [1, 2, 3, 4].
The approval requires SP Mobility to maintain stable electric vehicle (EV) charging prices and ensure fair access to discounts at Housing Board (HDB) carparks in eastern Singapore, where both firms operate chargers [1, 2, 3, 4]. SP Mobility must notify CCS and EV-Electric, the Land Transport Authority’s EV charger rollout subsidiary, of any price changes at these locations [1, 2, 3, 4].
If CCS suspects the commitments are breached, it may intervene and require SP Mobility to appoint an independent monitoring trustee to oversee compliance [1, 2, 3, 4].
SP Mobility is part of Singapore Energy Group while ChargEco is a joint venture between SMRT’s Strides and YTL PowerSeraya [1]. Both firms were awarded contracts in November 2022 to install EV chargers at eastern HDB carparks, including Bedok and Tampines, as part of LTA’s island-wide expansion [1, 2, 3, 4].
As of 2025, Singapore had 11,147 EV charging points. SP Mobility operated 2,286 points and Strides YTL (ChargEco’s partner) managed 1,083 points, according to Land Transport Authority Data Mall data [1].
CCS held a first public consultation in January 2026 following the joint acquisition application by SP Mobility and ChargEco [2, 3, 4]. A second consultation occurred between March 30 and April 13, 2026, focusing on anti-competitive concerns and the commitments proposed by SP Mobility [2, 3, 4].
The conditional approval with binding commitments for three years takes effect immediately from May 28, 2026 [1, 2, 3, 4].
