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Korea’s SK E&S opens 1st US EV charging stations with Avis

Korea Economic Daily LogoKorea Economic Daily1 mo ago

Korea’s SK E&S opens 1st US EV charging stations with Avis - Korea Economic Daily

Quick Summary:

In March last year, the natural gas business unit of South Korea’s second-largest conglomerate SK Group, acquired EverCharge through PassKey Inc., a unit of its US subsidiary SK E&S Americas, to make inroads into the EV charging business there.“The collaboration between Avis Budget Group and EverCharge is intended to provide the infrastructure needed for a clear pathway to cleaner forms of transportation for rental customers,” said SK Group Vice Chairman and Head of US Corporate Government Affairs Yu Jeong-joon in a statement.

South Korea’s SK E&S Co.opened its first electric vehicle charging station in the US in a partnership with Avis Budget Group, a major American car rental company, to seek a future growth engine in the world’s third-largest EV market.

The US EV charging infrastructure market is expected to grow by an average of 27% a year with the number of chargers forecast to more than tenfold to 20 million by 2030 from 1.8 million in 2020, according to the International Council on Clean Transportation, an independent nonprofit organization.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-29 @ 14:26:05 (1 months ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 4914309

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About Korea Economic Daily

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Main Topics: Economy

Official Website: kedglobal.com

Year Established: 1964

Headquarters: South Korea

News Last Updated: 8 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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