Eco-friendly Cars Archives | Be Korea-savvy
S. Korea Aims to Boost Exports of Eco-friendly Cars

S. Korea Aims to Boost Exports of Eco-friendly Cars

SEOUL, Feb. 23 (Korea Bizwire) — South Korea on Tuesday finalized a five-year plan for the eco-friendly auto industry, which includes expanding exports of such automobiles by threefold by 2025. The country’s exports of eco-friendly cars, which includes electric and hydrogen fuel cell models, will reach 830,000 units in 2025, significantly rising from 280,000 units [...]

S. Korea to Increase Number of Eco-friendly Cars to 7.85 mln by 2030

S. Korea to Increase Number of Eco-friendly Cars to 7.85 mln by 2030

SEOUL, Feb. 18 (Korea Bizwire) — South Korea said Thursday the accumulated number of eco-friendly cars running in the country will reach 7.85 million by 2030, in line with its vision to go fully carbon-neutral by 2050. The target will mark a sharp rise from 820,000 units tallied in the previous year, according to the [...]

S. Korea to Invest 28 bln Won in R&D Projects for Eco Cars

S. Korea to Invest 28 bln Won in R&D Projects for Eco Cars

SEOUL, Jan. 26 (Korea Bizwire) — South Korea said Tuesday it will invest nearly 28 billion won (US$25.3 million) in research and development (R&D) projects for eco-friendly automobiles and self-driving technologies in line with the country’s green energy drive. The country plans to allocate 13.4 billion won for research projects for electric vehicles and hydrogen [...]

S. Korea to Expand Subsidies for Eco-friendly Cars

S. Korea to Expand Subsidies for Eco-friendly Cars

SEOUL, Jan. 21 (Korea Bizwire) — South Korea said Thursday it plans to expand subsidies provided for electric vehicles and hydrogen fuel-cell automobiles this year in line with the country’s green energy drive. Under the plan, South Korea will allocate 1 trillion won (US$930 billion) to promote sales of electric cars, which marks a 25 [...]

Sales of Eco-friendly Cars Jump 54 pct in 2020

Sales of Eco-friendly Cars Jump 54 pct in 2020

SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s environment-friendly vehicle sales jumped 54 percent to exceed 200,000 units in 2020 from a year earlier on subsidies and an improvement of charging infrastructure, industry data showed Tuesday. Carmakers sold a total of 213,264 eco-friendly models last year, up from 138,957 units the previous year, according to [...]

Eco-friendly Cars Make Up Over 3 pct of Total Vehicles Registered in S. Korea

Eco-friendly Cars Make Up Over 3 pct of Total Vehicles Registered in S. Korea

SEOUL, Nov. 22 (Korea Bizwire) — Environmentally friendly cars, such as electric vehicles (EVs) and hydrogen-powered cars, make up more than 3 percent of the total vehicles registered in South Korea, a report from the country’s transport ministry showed Sunday. There were 766,464 green vehicles registered in South Korea as of end-October, accounting for 3.16 [...]

S. Korea’s Exports of Eco-friendly Cars Up 23 Pct in H1

S. Korea’s Exports of Eco-friendly Cars Up 23 Pct in H1

SEOUL, Sept. 2 (Korea Bizwire) – South Korea’s exports of eco-friendly automobiles rose nearly 23 percent in the first half of 2020 from a year earlier, data showed Wednesday. Outbound shipments of eco-friendly cars, including electric vehicles, reached US$3.16 billion in the January-June period, taking up 20 percent of the country’s total automobile exports, according [...]