SEOUL, April 6 (Korea Bizwire) — Audi Volkswagen Korea (AVK) said Friday that 25 percent of all cars it aims to sell in South Korea by 2020 will be electric vehicles as the German carmaker moves toward a “greener” model lineup. The announcement to strengthen its electric vehicle (EV) models is in line with the [...]
SEOUL, Feb. 26 (Korea Bizwire) — U.S. carmaker Tesla Motors Inc. on Monday launched the Model S P100D sedan, one of the quickest accelerating production cars in the world, in South Korea to absorb a growing appetite for all-electric vehicles (EVs) here. Using Ludicrous mode, or a sudden acceleration mode, the Model S P100D can [...]
SEOUL, Nov. 30 (Korea Bizwire) — The state-run Korea Electric Corp. (KEPCO) said Thursday it will push to build electric vehicle (EV) charging stations in the Dominican Republic, a project worth US$30 million. The KEPCO signed a memorandum of understanding with the Dominican Republic’s National Energy Commission (CNE) in Santo Domingo, the capital city of [...]
SEOUL, Nov. 17 (Korea Bizwire) – More than a month away from the end of the year, the Jeju government revealed that its designated supply of 4,873 electric cars subsidized by the Ministry of Environment had sold out. According to Jeju officials, the remaining 739 were purchased after a regional notice urging the public to purchase [...]
SEOUL, Nov. 13 (Korea Bizwire) — The sale of electric vehicles in South Korea has exceeded 10,000 units this year, reflecting a growing appetite for emissions-free cars and the country’s improving charging infrastructure, industry data showed Monday. In the January-October period, the number of electric cars sold here was 10,075 units, much higher than the [...]
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 [...]
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 [...]
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 [...]
SEOUL, May 2 (Korea Bizwire) – Kia Motors Corp. on Tuesday launched the latest version of the Soul electric vehicle (EV) with an extended range, a move aimed at adding more fuel-efficient models to its lineup. The 2018 Soul EV can travel an average of 180 kilometers on a single charge using its 30-kilowatt-per-hour battery, [...]
DAEGU, April 4 (Korea Bizwire) – As of March 31, the Daegu metropolitan government had received 1,813 applications for EV subsidies, already exceeding the 1,500 that the city had initially planned for 2017. The local government is providing up to 20 million won ($17,885) in official subsidies for electric car purchases this year in addition [...]