Hyundai Engineering announced on the 26th that it has been selected as the '2025 operator for electric vehicle slow charging facility subsidies' by the Ministry of Environment for three consecutive years.
The project is being conducted by the Ministry of Environment to expand the adoption of electric vehicles. Subsidies are provided based on the quantity of installations and chargers when establishing public slow charging facilities in multi-unit housing, business sites, and large parking lots.
The Ministry of Environment evaluates operators with capabilities from installation of charging facilities to post-management based on indicators such as operational status, business management, user convenience, project execution, maintenance, chargers, and charging services, selecting project execution institutions annually.
Hyundai Engineering has been recognized for its installation and operational management capabilities in electric vehicle charging facilities and has been selected as a project execution institution for three consecutive years starting in 2023.
Hyundai Engineering established a dedicated team in 2023 when it entered the electric vehicle charging business. The company is promoting various aspects of the electric vehicle charging business, including construction and installation, operations, and maintenance services.
Hyundai Engineering currently operates about 7,100 chargers nationwide. The company plans to establish electric vehicle charging infrastructure in overseas markets including North America, Indonesia, India, and Europe.
A representative from Hyundai Engineering said, "We plan to promote a stable electric vehicle charging (EVC) business through diversification of our portfolio, not only by expanding domestic electric vehicle charging infrastructure but also through the electric vehicle charging operator (CPO) business, electric vehicle (EV) bus infrastructure development, and home charger installations."