EV charging consortium is formed

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EV charging consortium is formed

Hyundai Oilbank will establish electric car chargers at discount stores, cafes and fast food drive-throughs in major Korean cities, the company said Monday.

The project will be conducted jointly with two other companies: JoongAng Control, a leading manufacturer in Korea of electric vehicle (EV) charging stations, and Charzin, which has expertise in operating and maintaining charging stations. Revenues will be divided according to investment.

Their “hybrid station consortium” aims to introduce EV chargers to oil stations and 10 stores in Seoul, Busan, Daegu and Sokcho by next year.

After test operations, Hyundai said it will expand the model’s application to its 2,300 oil stations nationwide.

At the moment, EV chargers in Korea are not easily accessible, as most of them are located near public offices and public parking lots. The Ministry of Environment expects the number of electric cars in the country to grow an average of 15 percent annually and reach three million units by 2030.

Introducing EV chargers at oil charging stations on main roads may be one solution to expand the necessary infrastructure.

In May, GS Caltex installed eight EV chargers at its oil stations in Seoul for a two-week test run, saying it plans to further expand EV-related businesses this year. SK Energy started a test operation at an oil station in Yangpyeong, Gyeonggi, last April and plans to start offering services for 11 EV chargers from August.

BY SONG KYOUNG-SON [song.kyoungson@joongang.co.kr]
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