EV Charging
Infrastructure Market
The EV charging infrastructure market continues to grow, driven by the expansion of the EV market and significant investments
Korea EV Chargers Market (‘22.12.31.)
Global EV Market
Key Insights into the EV Charging Infrastructure Market
Large-scale Investment
As the EV market continues to grow, there is a rising demand
for EV charging infrastructure, leading to significant investments
in the charging station market. Particularly, global conglomerates
are expanding their investments in the development of
EV charging infrastructure.
Shift in Charging Station Locations
Initially, EV charging stations were commonly installed in large
shopping malls and supermarket parking lots.
However, recent trends show that these stations are increasingly
being placed in residential areas, highway rest areas, and locations
frequented by EV users.
Expansion of Fast Charging Market
To reduce EV charging times, there is an expansion of fast
charging station installations. While the installation cost of fast
charging stations is a concern, they play a crucial role in providing
convenient charging for EV users.
Introduction of IoT Technology
There is a growing adoption of IoT technology for the management
of charging infrastructure. This technology enables real-time
monitoring of charging station status and rapid responses in case of
malfunctions.
Increased Government Support for
Infrastructure Development
To promote the growth of the EV market, governments are
strengthening their support for the development of EV charging
infrastructure. In Korea, for instance, plans are in place to invest
over 7 trillion KRW in such infrastructure by 2025.