Ministry of Economy and Finance Changes Regulations to Allow Electric Vehicle Charger Sharing Service

CHARZIN(EVZ) sharing service demonstration knowhow since 2020 attracts interest of the industry 

A photo of personal charger sharing platform installed in Jeju Island, a regulatory-free district where charging infrastructure can be shared. /Source: CHARZIN(EVZ)

As the Korea government announced a regulatory reform plan to allow privately owned electric vehicle charger sharing services, ‘CHARZIN(EVZ)’, an electric vehicle charging platform company that has been running the charger Airbnb business since 2020, is drawing a lot of attention in the industry.

The Ministry of Economy and Finance held an economic regulatory reform task force meeting at the government complex in Seoul on September 5th to discuss the second economic regulatory reform plan.

At this meeting, the government decided to allow privately owned electric vehicle charger sharing services.

Temporary permission for charging infrastructure sharing platform was given for a period of 2 years, since January to the end of next year. The temporary license was given to CHARZIN(EVZ).

CHARZIN(EVZ) has been operating this service with a demonstrative exemption from the Ministry of SMEs and Startups, since January 2020 and limited to Jeju.

The current ‘Electricity Business Act’ stipulates that one has to register as a charging business operator in order to share a privately owned charging station, and it also needs to be operated and managed by a electrical safety manager.

This made it almost impossible for an individual to do, however.

From January 2022, the nationwide EV charging sharing service demonstration project will allow an individual to entrust the operation and management of charging stations to a charging service provider, making it unnecessary to one to register as a business operator.

CHARZIN(EVZ) is carrying out such service.

With the government’s regulatory reform, the charger sharing business will expand and CHARZIN’s(EVZ) knowhow of service provision will become valuable to the industry.

More companies will enter the market with the loosened regulations, creating an opportunity for CHARZIN(EVZ) to provide the platform to more companies with differentiated technology.

Choi Young-seok, the CEO of CHARZIN(EVZ) said, “Through the two years of demonstration in Jeju, we have verified the feasibility of sharing personal chargers.” He also added, “More companies will participate in this field and the market will become larger. CHARZIN(EVZ) will be able to provide the platform to more companies with its technology.”