SEOUL, Mar. 3 (Korea Bizwire) — The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 [...]
SEJONG, Jan. 29 (Korea Bizwire) — Slovakia’s finance minister called for cooperation with South Korea in a wide-range of areas such as hydrogen fuel cell electric vehicles and infrastructure, the government here said Tuesday. Peter Kazimir made the comments in a meeting with his South Korean counterpart Hong Nam-ki at the government complex building in [...]
SEOUL, Jan. 7 (Korea Bizwire) – Carmakers sold more than 120,000 units of environment-friendly vehicles in South Korea last year, up 27 percent from a year earlier, industry data showed Monday. Sales by both domestic and foreign carmakers reached 123,387 eco-friendly vehicles for the whole of 2018, jumping from 97,435 units sold the year before, [...]
SEOUL, Dec. 7. (Korea Bizwire) — Han Jung-su, a 30-something office worker in Seoul, arrives at his office with a smile. The first thing he does after a 40-minute drive in morning rush hour is check his car’s fuel mileage to figure out how much money he’s saved. “At first, I hesitated to opt for [...]
SEOUL, Sept. 27 (Korea Bizwire) — The Seoul city government said Thursday it will provide additional subsidies for the purchase of environmentally friendly vehicles as this year’s target has already been accomplished. The city government attained this year’s goal of subsidizing 2,257 electric vehicles (EVs) and hydrogen fuel-cell cars. The city said it will inject [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, on Thursday unveiled upgraded versions of its Ioniq hybrid and electric vehicles (EVs) with enhanced safety features and better range. The company said the new Ioniq EVs, conventional hybrids and plug-in hybrid electric vehicle (PHEV) models are equipped with enhanced features, such [...]
SEOUL, Jan. 9 (Korea Bizwire) – Korea set a new annual record in 2016 for eco-friendly vehicle sales. According to the Korea Automobile Manufacturers Association and the Korea Automobile Importers & Distributors Association, total sales of environmentally-friendly vehicles – both domestic and imported – amounted to 68,761 units, which was more than double the number [...]