Eco-friendly Vehicles Archives | Be Korea-savvy
S. Korea Changes Subsidy Scheme for Eco-friendly Autos

S. Korea Changes Subsidy Scheme for Eco-friendly Autos

SEJONG, Jan. 20 (Korea Bizwire) — South Korea’s finance and environment ministries said Monday that they have changed a state subsidy scheme for eco-friendly vehicles to allow buyers of efficient cars to get larger subsidies from this year. Currently, the state subsidy is calculated on an electric car’s battery capability. Under the revised subsidy program, [...]

30 pct of Eco-friendly Vehicles are Second Cars: Lawmaker

30 pct of Eco-friendly Vehicles are Second Cars: Lawmaker

SEJONG, Oct. 4 (Korea Bizwire) — The government offers subsidies when citizens decide to buy eco-friendly vehicles. However, 3 out of every 10 government-supported vehicles are second cars. In an annual parliamentary audit conducted by the Ministry of Environment Wednesday, Rep. Jeon Hyun-hee of the ruling Democratic Party said that the public tends to have [...]

High Demand for Eco-Friendly Vehicles in Used Car Market

High Demand for Eco-Friendly Vehicles in Used Car Market

SEOUL, July 5 (Korea Bizwire) – The sale of environment friendly vehicles is on the rise in South Korea’s used car markets as the government moves to reduce fine dust-emitting diesel vehicles, a local website said Wednesday. Pre-owned car sales data offered by SKencarsales.com back up the trend. It said SK encar.com, a certified Korean [...]

Auto Production Rises on Strong Demand for Eco-Friendly, Luxury Cars Abroad: Data

Auto Production Rises on Strong Demand for Eco-Friendly, Luxury Cars Abroad: Data

SEOUL, March 15 (Korea Bizwire) – South Korea’s automobile production surged in February amid strong demand for eco-friendly and luxury vehicles both at home and abroad, government data showed Wednesday.  Automobile output rose 9.8 percent to 336,032 units last month from a year earlier, according to statistics released by the Ministry of Trade, Industry and [...]

Korea Sets New Milestone in EV Sales

Korea Sets New Milestone in EV Sales

SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry.  According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]