LOCA Drives EV Revolution in Laos with 40 Fast-Charging Stations in 2024
LOCA, a leader in electric vehicle (EV) infrastructure, has achieved a significant milestone by installing 40 fast-charging stations across Laos in 2024. These stations are strategically located in major cities and along key transportation routes to support the rapid growth of the EV market and propel the country towards a sustainable and eco-friendly future.
Expanding EV Charging Capabilities
In response to the rising adoption of EVs, LOCA has expanded its charging network from 20 stations in 2023 to 40 stations in 2024. The company’s fast-charging stations deliver power at 120-240 kW, allowing EVs to fully charge in just 20-30 minutes. Through the LOCA EV app, users can locate and navigate to charging stations nationwide, view real-time usage status, and ensure worry-free travel from Laos’ northernmost to southernmost points.
Growth Through Strategic Partnerships
LOCA’s expansion has been bolstered by support from the Asian Development Bank (ADB) Frontier Fund and the United States Agency for International Development (USAID). These collaborations have provided critical financial and technical assistance to advance clean energy projects in Laos.
ADB’s investment focuses on fostering innovation and technological solutions to combat climate change while promoting inclusive economic growth. Meanwhile, USAID’s support has enhanced clean energy connectivity, reduced consumer costs, created jobs, and lowered carbon emissions.
These partnerships underscore LOCA’s pivotal role in building a sustainable future for transportation in Laos.
The Growing EV Market in Laos: A Remarkable Shift
Demand for EVs in Laos has surged unprecedentedly. 2,101 EVs were imported in 2023, accounting for 25.1% of all new vehicle registrations. In the data year todate as of October 2024, the total imported electrica cars surged to 4,437, reflecting a consumer shift towards EVs driven by cost efficiency and environmental concerns.
Looking Ahead: Ambitious Expansion Plans
Building on its 2024 success, LOCA aims to expand its fast-charging network to 100 stations by 2026. This growth is designed to accommodate the rapidly increasing number of EV users and promote widespread adoption of electric vehicles across Laos.
By addressing infrastructure challenges and ensuring confidence in EV technology, LOCA is driving Laos’ transition to cleaner and more sustainable transportation. With a robust fast-charging network and innovative solutions, LOCA is not only supporting the EV market but also leading the charge in creating an eco-friendly future for the nation.
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