South Korea’s electric vehicle charging infrastructure will grow 72.7% by 2020 to reach 90,000 stations, according to new research.
The growth will be driven by demand for rapid-charging outlets and come on the back of the government subsidies for both the hardware and the installation costs.
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The Frost & Sullivan report noted only two EVs with rapid charging capability – the Kia Ray and Renault Samsung SM3 ZE – are currently available in South Korea.
Samjeen Yun, senior industry analyst, automotive and transportation practice, Asia Pacific at Frost & Sullivan, said: “A shorter charging time is one of end users’ desired factors in EVs and the increased availability of more of level 2 [rapid] or DC charging in residences or local communities, will lead to higher customer acceptance and demand.”
