South Korea electric vehicle charger market is anticipated to grow at a CAGR of over 20% during the forecast period, 2019-2025. EV chargers that are accepted in the country include CCS Combo 1 (IEC 62196-3) and all IEC 62196-3 standards (including CHAdeMO) whereas Tesla has its own connector. Government policies for the promotion of electric vehicles are one of the major factors for the growth of the market in the country. In 2019, the government of South Korea announced to the target of 430,000 Battery Electric Vehicle (BEV) and 67,000 Fuel Cell Electric Vehicle (FCEV) on the road by 2022.
Request a Free Sample of our Report on South Korea Electric Vehicle Charger Market: https://www.omrglobal.com/request-sample/south-korea-electric-vehicle-charger-market
As per the International Energy Agency, there were around 19,000 publicly accessible chargers in the country in 2018. The country offers subsidies on the vehicle and relief on purchase tax, toll fees and parking fees. An individual can avail up to a $4,500 tax rebate per electric vehicle. In 2019, the subsidy on electric vehicle has been increased to $16,400 per BEV as compared to $12,000 in 2018 and up to $4,300 on PHEV. Moreover, the government aims to develop 10,000 fast EV chargers in the country by 2022.
South Korea electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private whereas by charger type, the market is bifurcated into slow chargers and fast chargers. Fast chargers are expected to show considerable growth during the forecast period. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further segmented into Type 1, Type 2 and other chargers, and the DC connector segment is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers.
A Full Report of South Korea Electric Vehicle Charger Market is Available at https://www.omrglobal.com/industry-reports/south-korea-electric-vehicle-charger-market
South Korea Electric Vehicle Charger Market Segmentation
By Charger Type
- Slow Charger
- Fast Charger
- AC Connectors
o Type 1
o Type 2
o Other (Domestic Socket)
- DC Connectors
o Combined Charging System (CCS)
o Type 2 (Tesla)
- ChargePoint, Inc.
- Dongah USA, Inc.
- Schneider Electric SE
- Siemens AG
- Tesla, Inc.
- Webasto SE
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/south-korea-electric-vehicle-charger-market
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit https://www.omrglobal.com/
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404