LG Electronics is set to enter the U.S. electric vehicle charger market in 2024 with the launch of its first series of AC and DC powered EV charging stations. This move opens up exciting possibilities for businesses, municipalities, and other public places to support the growing electrification of America through independently owned and operated charging infrastructure.
The forthcoming line of EV chargers from LG will cater to Level 2 and Level 3 charging requirements. This development will not only ensure a flexible and adaptable family of EV chargers but will also provide new opportunities for various establishments to embrace electric mobility.
In a statement, LG Business Solutions USA’s SVP, Nicolas Min, expressed the brand’s commitment to the electrification movement and its aim to assist U.S. commercial customers in establishing the necessary charging infrastructure. This infrastructure is vital to the success of the EV industry and in achieving the nation’s clean energy goals.
By allowing hotels, restaurants, transit hubs, and other locations to own and operate their own EV charging stations, LG empowers these establishments to set their own charging rates and manage local charging demands efficiently. This control over the charging infrastructure not only benefits the business owners but also promotes the widespread adoption of electric vehicles across the country.
LG’s initial product lineup for the U.S. market will include Level 2 AC Chargers equipped with load management solutions and variable current settings. These chargers will feature an output power of 11kW through a standard SAE J1772 connector. The design of the Level 2 AC Charger allows for easy wall mounting, and an optional stand will enable flexible placement anywhere.
In addition to the Level 2 chargers, LG plans to launch its first Level 3 DC Charger in the near future. This stand-type model will come with a connected Power Bank, offering fast charging capabilities of up to 175kW through CCS1 and NACS connectors. The Level 3 charger will also include a large outdoor LCD touch-screen display that serves multiple functions, catering to various owners and use cases.
To ensure the success of this initiative, LG highlights the need for collaboration among drivers, energy producers, local governments, and businesses of all sizes. As per recent research by Goldman Sachs and IHS Global Insight, EV sales in the United States are projected to surge from 9 percent in 2023 to 20 percent in 2025, ultimately accounting for an astounding 50 percent of new vehicle sales by 2030. By introducing more options in the market, LG aims to enhance competition, foster innovation, and benefit drivers, businesses, and society as a whole.
FAQs
1. What is LG Electronics launching in the U.S. market in 2024?
LG Electronics will introduce its first line of AC and DC powered EV charging stations in the U.S. market.
2. What types of EV chargers will be included in LG’s product line?
The product line will include Level 2 and Level 3 EV chargers.
3. How will LG’s EV chargers benefit businesses, municipalities, and public places?
LG’s EV chargers will provide opportunities for independent ownership and operation of charging stations, allowing establishments to set their own rates and meet local charging demands.
4. What are the features of LG’s Level 2 AC Chargers?
LG’s Level 2 AC Chargers will offer load management solutions, variable current settings, and an output power of 11kW through a standard SAE J1772 connector.
5. What can be expected from LG’s Level 3 DC Charger?
LG’s Level 3 DC Charger will provide fast charging capabilities of up to 175kW through CCS1 and NACS connectors, and it will come with a large outdoor LCD touch-screen display.