SEOUL, March 17 (Korea Bizwire) — Sales of electric vehicles in South Korea nose-dived more than 45 percent in the first two months of the year amid a lack of subsidy policies and customer expectations for rollouts of new models, data showed Wednesday. A total of 2,444 EVs were sold in Asia’s fourth-largest economy in [...]
SEOUL, Feb. 16 (Korea Bizwire) — With a string of new electric vehicles (EVs) being rolled out this year by major carmakers, a consensus is building up among South Korean consumers that the popularization of EVs should be promoted in order to protect the environment. Market research firm M-Brain Trend Monitor recently conducted a survey [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s exports of electric vehicles (EVs) advanced nearly 66 percent on-year in 2020, data showed Sunday, despite the overall slump in the automobile industry amid the COVID-19 pandemic. Outbound shipments of EVs came to US$3.9 billion in 2020, marking the first time for the volume to surpass that [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea said Thursday it plans to expand subsidies provided for electric vehicles and hydrogen fuel-cell automobiles this year in line with the country’s green energy drive. Under the plan, South Korea will allocate 1 trillion won (US$930 billion) to promote sales of electric cars, which marks a 25 [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hyundai Motor Co. said Thursday it opened an ultra-fast charging station for electric vehicles (EVs) in southeastern Seoul in the latest move that could boost convenience for drivers of zero-emission cars. Hyundai Motor and SK networks, a chemical and energy company, jointly transformed an old gas station into South [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won (US$6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group, the world’s fifth-largest automotive group, said Sunday that it will carry out a pilot project to reuse batteries used for electric vehicles (EVs) at solar power plants. The move follows the Ministry of Trade, Industry and Energy’s recent decision to give regulatory exemptions for new business [...]
SEOUL, Jan. 5 (Korea Bizwire) — Starting this year, high-end electric vehicles (EVs) that cost more than 90 million won (US$82,800) will be excluded from government subsidies. The Ministry of Environment announced Monday a new subsidy policy that will soon come into effect. The government has provided new criteria for electric vehicle subsidies based on [...]
SEOUL, Dec. 28 (Korea Bizwire) — Claims over faulty parts in electric vehicles have soared in South Korea over the past five years, the transport ministry said Monday. The number of registered EVs jumped to 131,923 units at the end of November this year from a meager 10,855 at the end of 2016, according to [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are set to export over 100,000 electric vehicles this year on growing demand for environment-friendly cars. Hyundai and Kia shipped a combined 98,505 EVs from January to October, jumping 71 percent from 57,517 units during the same [...]