SEOUL, Nov. 25 (Korea Bizwire) — South Korea said Wednesday it plans to allocate 1.44 billion won (US$1.29 million) through 2025 to foster experts of eco-friendly cars in sync with the country’s green growth policy, which centers on breaking away from fossil fuels and utilizing more sustainable resources. Under the project, South Korea will spend [...]
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 [...]
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 [...]
SEOUL, Aug. 28 (Korea Bizwire) — Off-street parking areas will now be required to add more spaces for electric, hydrogen, and other eco-friendly vehicles, and riverside parking lots will be obliged to install safety facilities to prevent flooding. Off-street parking areas refer to parking lots or spaces set up outside of roads or traffic squares. [...]
SEOUL, May 26 (Korea Bizewire) — South Korea said Tuesday eco-friendly cars will take up at least 90 percent of the combined automobiles owned by governmental bodies by 2030, in line with the country’s new energy drive that centers on breaking away from traditional sources of fuel. The target marks a drastic rise from the [...]
SEJONG, Dec. 10 (Korea Bizwire) – South Korea’s public organizations increased their purchases of eco-friendly cars, including hydrogen fuel cell automobiles, this year in line with a new energy drive that centers on cutting the use of fossil fuels, data showed Tuesday. Eco-friendly cars accounted for roughly 70 percent of the combined cars purchased by [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s exports of eco-friendly cars have soared by more than 40 percent on-year in 2019, mainly on the back of the popularity of subcompact SUVs, data showed Sunday. Local carmakers exported a combined 180,933 eco-friendly autos, such as electric vehicles (EVs), during the January-September period, up 41.8 percent [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea will offer more than 1 trillion won (US$827 million) in subsidies to people who buy electric and hydrogen fuel-cell electric vehicles next year to promote the use of eco-friendly vehicles that do not emit the greenhouse gases largely responsible for global warming, an official said Sunday. The [...]
SEOUL, Jul. 21 (Korea Bizwire) — Sales of environment-friendly cars in South Korea jumped 30 percent in the first six months of the year on the back of strong demand for electric vehicles (EVs), industry data showed Sunday. The number of environmentally friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, sold [...]
SEOUL, Jul. 16 (Korea Bizwire) — South Korea’s shipments of environment-friendly vehicles jumped an average of 33 percent per year in the past seven years on growing overseas demand, an auto business lobby group said Tuesday. Local carmakers exported 196,000 eco-friendly vehicles in 2018, surging from 35,000 units in 2012. Eco-friendly cars accounted for 8 [...]