NEVs Slow To Gain Traction In Korea

Despite a growing number of local governments designating roads for NEV use, the vehicles have not attracted many buyers.  After Korea passed favorable NEV regulations at the national level earlier this year, 30% of the local government have reported designating local roads for NEV use.  this figure is expected to increase rapidly in the coming months.  However, manufacturers point to a lack of electric vehicle subsidies and recharging infrastructure as reasons for the lack of NEVs purchases to date and a likely persistent obstacle to market growth moving forward.  Learn more:  Koreaherald.com

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