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EV Buyers Get the Jitters amid Heightened Possibility of Reduction in Subsidies

EV Buyers Get the Jitters amid Heightened Possibility of Reduction in Subsidies

SEOUL, Nov. 30 (Korea Bizwire) — Buyers of electric vehicles (EVs) who are waiting for delivery after signing purchase contracts are on edge due to delayed delivery amid the possibility of a reduction in EV subsidies. The Ministry of Environment set next year’s EV distribution target at 235,000 units, twice as high as this year’s [...]

Hyundai to Help Indonesia Build EV Ecosystem

Hyundai to Help Indonesia Build EV Ecosystem

SEOUL, Oct. 25 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will help Indonesia establish the infrastructure for electric vehicles as part of its expansion strategy. Hyundai Motor Group Chairman Euisun Chung said the company will help Indonesia in activating the EV ecosystem and make the EV industry a future growth driver. [...]