Lowering EV Charging Rates Arbitrarily Could Lead to a Vicious Cycle; Introduction of Cost-Linked Pricing and Strengthened Post-Installation Management Needed

As the government is considering revising policies to lower slow-charging rates for electric vehicles, experts have called for the introduction of cost-linked pricing and enhanced post-installation management to ensure sustainable infrastructure development. Hyeok-jin Heo, a senior specialist at the Korea Productivity Council, proposed these measures during a forum on the topic. The Ministry of Climate, Energy, and Environment has announced a revised pricing policy for public EV charging stations, which will affect the profitability of charging operators. The new policy divides charging rates into five tiers based on power levels, leading to industry concerns over excessive rate cuts for slow charging. While the policy may have significant market impact, experts warn that focusing solely on rate reductions could hinder the development of sustainable charging infrastructure. Slow chargers, which are used for long periods, have low turnover and limited revenue, making it difficult for operators to maintain and service them. Hyeok-jin Heo emphasized the need to shift from cost support to a model focused on operational quality, maintenance, and sustainable pricing. Meanwhile, users have raised concerns over rising charging costs in apartment complexes, highlighting the growing gap between operators and consumers.