S. Korea’s EV Market to Grow Fivefold by 2016

SEOUL, Apr. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) market is anticipated to expand more than fivefold by next year on the back of government subsidies to boost sales of the eco-friendly cars, ministry officials said Tuesday. As of the end of last year, the number of registered battery-powered cars in the country [...]