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 [...]
SEOUL, March 17 (Korea Bizwire) – Renault Samsung Motors is launching its two-seat (or single-seat) electric vehicle Twizy in June, pledging to sell 1,000 units by the end of the year. First unveiled as a concept car in 2009, the vehicle has a single-charge travel distance of 100 kilometers and a maximum speed of 80 [...]
SEOUL, March 6 (Korea Bizwire) – SK Innovation Co., the country’s top oil refiner, said Monday that its board of directors has approved a proposal to double the company’s electric vehicle (EV) battery production capacity, in order to meet growing demand. The proposal calls for the construction of two EV battery production lines, which will [...]
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 [...]
GOYANG, South Korea, Feb. 27 (Korea Bizwire) – Hyundai Motor Company unveiled its Ioniq plug-in hybrid electric vehicle (PHEV) Monday, completing its trio of Ioniq vehicles. The Ioniq Hybrid was introduced in January of last year, and the Ioniq Electric followed two months later. The new PHEV model uses both an internal combustion engine and [...]
SEOUL, Feb. 16 (Korea Bizwire) – Demand for electric vehicles is skyrocketing this year thanks to new government policies on EV subsidies. According to the Ministry of Environment, the number of EV subsidy applications has already surpassed the 1,200 mark just three weeks after the process began on January 25, which is four times greater [...]
SEOUL, Feb. 16 (Korea Bizwire) – U.S. electric car maker Tesla Motors is soon set to launch its vehicles in South Korea, the local government said Thursday, raising both hope and concern for the local electric vehicle market. According to the Ministry of Land, Infrastructure and Transport, the U.S. carmaker is expected to begin selling [...]
SEJONG, Feb. 9 (Korea Bizwire) – South Korea will build 240 electric vehicle (EV) charging stations at shopping malls and railway stations by the end of 2017 as a way to expand infrastructure for green cars in urban areas, the government said Thursday. According to the Ministry of Trade, Industry and Energy, 230 EV super [...]
SEJONG, Feb. 7 (Korea Bizwire) – Sejong, the de facto administrative capital of South Korea, introduced a new set of street sweepers that will be responsible for cleaning its streets, running on electric power instead of diesel. The vehicles, developed by RETECH, can operate for eight hours after four hours of charging, and are noise [...]
SEOUL, Feb. 2 (Korea Bizwire) – General Motors Co. and Tesla Motors Inc. are poised to debut their long-range electric vehicles (EVs) in South Korea this year in a move that could help galvanize the budding local EV market dominated by short-range models, industry sources said Thursday. GM Korea Co., GM’s South Korean unit, is [...]