Hyundai Oilbank will increase the number of its electric vehicle (EV) charging stations to 200 by 2023 with the help of Charzin, a company specializing in electric vehicle charging infrastructure.

The petroleum and refinery company currently operates 20 EV charging stations.

The partnership between Hyundai Oilbank and Charzin will multiply the number ten times in the next three years, with EV chargers of 100 kilowatts or more being installed at gas stations in downtown areas.

Charging stations will also be installed at logistics companies’ distribution centers to take advantage of the anticipated increase of electric trucks, as well as at drive-thru stores and large convenience stores.

There will also be different price plans for customers depending on needs, plus a membership service that includes shared parking, car washes, and discounts.
It was predicted that the number of South Korea's electric cars will increase from some 90,000 units last year to 3 million by 2030.

According to Han Hwan-gyu, a sales director at Hyundai Oilbank, the company plans to attract a growing number of EV drivers to gas stations and continue to with a preexisting platform business such as a premium car wash service.