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South Korea Electric Vehicle Charger Market 2019 Growth, COVID Impact, Trends Analysis Report 2025

01-25-2021 10:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

South Korea Electric Vehicle Charger Market 2019 Growth, COVID

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. 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.

Request a Free Sample of our South Korea Electric Vehicle Charger Market: https://www.omrglobal.com/request-sample/south-korea-electric-vehicle-charger-market

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 Ownership

• Public
• Private

By Charger Type

• Slow Charger
• Fast Charger

By Connector

• AC Connectors
• Type 1
• Type 2
• Other (Domestic Socket)
• DC Connectors
• CHAdeMO
• Combined Charging System (CCS)
• Type 2 (Tesla)

Company Profiles
• ChargePoint, Inc.
• Dongah USA, Inc.
• Efacec
• Engie
• Schneider Electric SE
• Siemens AG
• Tesla, Inc.
• Webasto SE

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/south-korea-electric-vehicle-charger-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
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.

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