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As of June 2022, there were about 299,000 electric vehicles registered in South Korea. [1] As of September 2022, 11.8% of new cars registered in South Korea were electric. [2] The South Korean government has provided strong support for electric vehicles including tax breaks, financial aid, and expenditures in research and development.
The government expects that the policy programs will help increase the electric car market share in South Korea to 0.5% in 2017, up from 0.2% in 2015, and to achieve 5.3% in 2020. [35] The government subsidy has in place a one-time purchase subsidy for electric cars.
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The EV3 was previewed by the Kia EV3 Concept car which was presented on 12 October 2023 during the manufacturer's Kia EV Day event, [8] [9] then exhibited at the LA Auto Show in November. [10] [11] The production version was unveiled on the 23 May 2024, with sales set to commence in July 2024 in South Korea. [12] [13]
Changwon Plant (South Korea) – Engine and parts factory. The present main (assembly) site is located in Pyeongtaek's Chilgoe neighbourhood and was built in 1979. The whole site (including surrounding land) covers 850,000 m 2 (9,100,000 sq ft ) and also includes the aforementioned headquarters and research and development buildings.
The Torres EVX (known in development as the U100 project) is the electric version of the Torres, which debuted on March 30 at the 2023 Seoul Motor Show alongside a large number of concepts and production models, [8] being the first KG-branded vehicle after the general name change of SsangYong to KG Mobility.
Karnataka approved the Electric Vehicle and Energy Storage Policy 2017, [44] which aims to attract investment of ₹ 310 billion and create about 55,000 jobs. The union government has announced its vision to make India an all-electric-vehicle market by 2031 to reduce the country's dependence on fossil fuels and reduce its carbon footprint.
For instance, to deploy electric car charging technology broadly across the country required only a few deals to equip vehicles and chargers with LTE technology, [4] plus existing technologies like submetering and two-way plugs (to facilitate the purchase of vehicle battery power for the grid, especially at peak times, as was announced in 2014).