[Courtesy of Korea Asset Management Corporation]
As a state project to achieve net-zero carbon dioxide emissions by 2050, Seoul will replace 10 percent of diesel vehicles with EVs by 2026. About 45,000 EVs were registered in Seoul as of May 2022. The number of chargers in Seoul will increase from more than 20,000 to 35,000 at the end of 2022.
Seoul teamed up with Korea Asset Management Corporation (KAMCO) and Seoul Energy Corporation (SEC) to install chargers in state-owned sites run by KAMCO. KAMCO is currently in charge of some 720,000 land lots. SEC will assist the capital city by verifying the suitability of EV charger installation sites through on-site examination.
"The agreement is projected to enhance the value of public use of the state-run property and increase the benefits of Seoulites," KAMCO's state-owned property division head Hong Young said in a statement on November 10.
Seoul has tried hard to expand the establishment of EV chargers in various regions. In May 2022, the capital city unveiled its scheme to install 12,000 chargers in hidden residential areas. A flowerbed of an apartment complex was renovated into a parking lot with chargers so they can be used by residents and courier vehicles.
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