Korea moves toward electric car era

Kia Motors' Ray (source Yonhap News)

Next year is expected to mark the beginning of the era of electric cars in Korea, even though it is expected to take several years before they become commonplace and the relevant infrastructure is put in place to facilitate their widespread commercial use.

To speed things up, the government plans to offer tax breaks for electric vehicles from January, the Ministry of Knowledge Economy said yesterday.

Next year, public institutions that buy the environmentally friendly vehicles will be able to benefit from tax breaks aimed at offsetting the high price of the vehicles. Electric cars cost roughly double the price of other cars of a similar size.

For ful article see Joongang Daily.

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