LG Electronics to Enter U.S. EV Charging Market in 2024

by Katie Lee

Lincolnshire, Ill. — LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC EV charging stations. According to Nicolas Min, senior vice president of LG Business Solutions USA, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of America with independently owned and operated charging stations.

“As a leader in the electrification movement, LG is committed to delivering systems and solutions to help U.S. commercial customers develop the infrastructure to charge electric vehicles, which is critical to the success of the industry and the nation’s clean energy goals,” Min says. “Our product roadmap supports various use cases to provide a flexible, adaptable family of EV chargers to keep America moving as electric vehicles continue to grow in popularity and capabilities.”

LG knows that the U.S. will need hundreds of thousands of additional Level 2 and Level 3 chargers to support the growing number of EVs on the road, and LG will help individual businesses take part in the market without relying on third-party owner operators. By giving hotels, restaurants, venues, transit hubs, municipal buildings and other locations the opportunity to own and operate their own EV charging stations, LG will empower them to set their own rates and ensure enough capacity to meet local demands.

Research released earlier this year by Goldman Sachs and IHS Global Insight predicts that EV sales in the United States will jump from 9% of total vehicle sales in 2023 to 20% in 2025, “and reaching a stunning 50% of total new vehicle sales by 2030,” Min says. “The need here cannot be overstated.”

The LG Electronics USA Business Solutions division serves commercial customers in the U.S. lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets. LG Business Solutions USA is based in Lincolnshire, Ill. For more information, visit www.LGSolutions.com.

SOURCE: LG Business Solutions USA

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