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Electric Vehicles Expected to Have Lower Insurance Rates in South Korea

Electric Vehicles Expected to Have Lower Insurance Rates in South Korea

SEOUL, June 7 (Korea Bizwire) – With the Korea Insurance Development Institute due to reveal its reference net premium rates for electric cars by the end of June, industry watchers are speculating that premiums for EVs will be some 10 percent lower than gasoline or diesel-powered vehicles.  The reference premium rate will be based on [...]

Hyundai to Launch All-Electric Bus next Year

Hyundai to Launch All-Electric Bus next Year

GOYANG, South Korea, May 26 (Korea Bizwire) – South Korean carmaker Hyundai Motor Co. said Thursday it will launch an all-electric bus in the domestic market next year.   The move is part of the carmaker’s efforts to diversify its lineup with environmentally friendly vehicles and enhance its brand image in global markets where clean modes [...]

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 [...]

New Government Measures for Eco-Friendly Vehicles Include Rest Areas for EVs

New Government Measures for Eco-Friendly Vehicles Include Rest Areas for EVs

SEJONG, Feb. 28 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport announced a new set of measures Monday to help accommodate the rapidly increasing number of drivers of eco-friendly vehicles in Korea, which includes new rest areas for charging EVs and hydrogen vehicles.  These mini rest areas, or multipurpose rest areas, will be [...]