Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

South Korea Making Electric Car Rush…

Kia Soul EVYou probably know that China, the USA, Japan, and Germany are the four countries that produce the most cars, but can you name who comes in 5th?

Well, given the title, I think you can guess that it’s South Korea. 😀

While several Chinese, US, Japanese, and European automakers are producing electric vehicles in significant quantities (well, to kick things off), and have numerous EV models, South Korean auto manufacturers have taken their time getting into the game. But it looks like the country is pushing a change (and, given that South Korean auto manufacturers export 60% of their cars, they are surely feeling a need to change from the USA, Europe, and China anyway).

Kia Soul EV WhiteHere are the fun details of South Korea’s jump into EVs:

  • On average, by 2020, there is supposed to be a fast charging station every 2 kilometers inside of Seoul (population: 10 million).
  • In addition, by 2020, 30,000 Level 2 charging stations are supposed to be installed in Seoul, primarily in proximity to 4,000 apartment complexes.
  • Vague target to develop an EV battery with 400 kilometers (~250 miles) of range — presumably, an affordable one for a vehicle like the Kia Soul EV.
  • Starting in 2016, sales-tax cuts for EVs.
  • Government subsidy of $12,100 (up from $10,400) as of July 8, 2016.
  • “Drivers will also see cuts in insurance premiums, expressway tolls, and parking fees.”

Electric cars accounted for 0.2% of car sales in Korea in 2015. The targets are to raise that to 0.5% in 2017 and 5.3% in 2020.

We’ll see….

 
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:



I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Advertisement
 
Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Cars

Tesla continues to be the best selling brand in Europe, but Volkswagen is recovering Some 197,000 plugin vehicles were registered in April in Europe...

Cars

Hyundai is reclaiming the Cybertruck look with a new hybrid fuel cell version of its iconic 1974 Pony Coupe Concept car.

Batteries

Electric vehicle (EV) batteries are often associated with powering vehicles, but their capabilities extend far beyond that primary function. As technology evolves and the...

Cars

The overall German auto market had a positive month in April (+13% year over year), with BEVs being the highlight (+34% YoY). There were...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.