If you want to simulate timelapse with standard video all you should have to do is speed up the footage. IOW, retime a 1 hour take to 10 seconds and it will look like timelapse.
If you want to simulate long exposure timelapse (like where the lights of cars are streaks) then you have a lot more work to do. You'll need to use something like the Echo effect and then adjust the timing. It would help if we knew a little more about your project. I've been shooting timelapse for more than 40 years and I've used about 100 different techniques. It's hard to replicate all but one of them using a video camera.
It is a simple project that I time remapped with different speeds and with my post I wanted to make sure that this is all there is to it.
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I wanted to make sure that this is all there is to it.
Well, yes, kinda-sorta. You may hit on a certain amount of time remapping that just looks bad. It happens. There aren't guaranteed results every time. Timewarp in AE can help in those instances, but it won't cure.