Menu Content
Go Top

Economy

Gov't to Increase Number of Eco-friendly Cars, Reduce Emissions by 2030

Written: 2021-02-18 14:11:44Updated: 2021-02-18 14:34:56

Gov't to Increase Number of Eco-friendly Cars, Reduce Emissions by 2030

Photo : Getty Images Bank

The South Korean government has vowed to increase the number of eco-friendly vehicles in the country to seven-point-85 million and reduce car emissions by 24 percent by 2030, in line with its vision to go carbon neutral by 2050.

The announcement came on Thursday as a part of the government's five-year plan on promoting eco-friendly vehicles.

The government is seeking to increase the number of eco-friendly cars from 820-thousand last year to seven-point-85 million by 2030, requiring all vehicles used in the public sector to be eco-friendly.

A purchasing target system will be introduced for car rental businesses and conglomerates, while subsidies and incentives will be expanded for operators of taxis, buses and trucks.

The government will increase the number of charging stations to more than 500-thousand by 2025, allowing at least one charger for every two vehicles.

Vehicle prices are aimed to be reduced by at least ten million won per unit by 2025, through localization of parts, extended tax benefits and the introduction of a battery lease program.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >