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Hyundai and SK Networks Cooperate to Establish High-speed Electric Car Charging Station

Hyundai and SK Networks Cooperate to Establish High-speed Electric Car Charging Station

SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]

Electric Car Subsidies Subject to New Standards

Electric Car Subsidies Subject to New Standards

SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government is tightening standards for electric car subsidies, with stringent guidelines based on battery life and environment-friendliness entering effect this year. Changes are coming to the electric car market, as the Ministry of Environment said on Wednesday that electric car buyers will receive different government subsidies depending [...]

Tesla Model S 90D Receives Subsidy in S. Korea

Tesla Model S 90D Receives Subsidy in S. Korea

SEOUL, Sept. 22 (Korea Bizwire) — Tesla Motors Inc.’s Model S 90D is eligible to receive government subsidies in South Korea as the country has recently eased regulations involving battery charging time, the environment ministry said Friday. On Thursday, the Ministry of Environment notified the U.S. electric carmaker of its decision to include the Model [...]

S. Korea EV Sales Soar in Q1 on Prices, Infrastructure

S. Korea EV Sales Soar in Q1 on Prices, Infrastructure

SEOUL, May 15 (Korea Bizwire) – All-electric vehicle sales in South Korea posted a nearly nine-fold jump in the first quarter on improving infrastructure and reasonable prices, industry associations said Monday.  Carmakers sold a combined 1,729 electric vehicles in the January-March period, soaring from 193 a year earlier, according to data offered by the Korea [...]