Electric Vehicle plug sales in Korea increased of 100% last year. In this way, and as South Korea rushes into making electrical cars, Raydiall already has a great product to offer. Indeed we have the Power Plug 43 kW. With its proven robust design, it has the lowest insertion force in the market. Moreover, Raydiall guarantee this plug for a minimum of 10000 mating cycles. Indeed, at Raydiall, you can rely on our products !

The future of pure electric vehicles in Korea

We all know that South Korea has a significant automotive manufacturing industry. And it also have a large automotive market! Indeed, a total of 1.75 million Light Vehicles were sold in the country last year. In line with the global trend, the Korean government has embarked on a series of measures to clean up the environment. Korea needed to tackle air pollution from vehicle emissions. In this way, its principal focus has been on stimulating consumer demand for electric vehicles (EVs). To do so, the government implimented subsidies and tax breaks at both a national and local level.

Earlier this decade, hybrid vehicles made sizeable inroads in terms of sales in Korea. But, until recently, the uptake for pure battery electric vehicles (BEVs) had been very low. Indeed, the concept is still relatively new to the Korean customer.

A major turning point

In 2017, however, the Korean BEV market reached a major turning point. At the start of the year, the central government set aside a maximum of ₩18.7 million in grants and tax breaks. Many local authorities followed suit by offering additional subsidies and incentives. In this way, Jeju Island is a prime example of a generous fiscal environment for BEVs. Last year, it accounted for a considerable proportion of all BEVs sold in Korea, but only a small fraction of overall vehicle sales.“BEV sales jumped to more than 13,000 units in 2017”

The central government has also invested heavily in increasing the country’s charging infrastructure. They indeed made some modifications to the public charging stations. They built over 2,600 charging stations by 2017. At least 3,000 are planned for 2020.

BEV sales jumped to more than 13,000 units in 2017. This number exceeds the total accumulated over the last few years. The new Hyundai IONIQ, Renault Samsung SM3 and Kia Soul led the charge. As a matter of fact, BEVs are becoming the second most important EV type in the country.

Additional information : On average, by 2020, there is supposed to be a fast charging station every 2 kilometers inside of Seoul (population: 10 million). In addition, by 2020, Seoul is supposed to install 30,000 Level 2 charging stations, primarily in proximity to 4,000 apartment complexes. *source of this additional information : https://cleantechnica.com/2016/07/15

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