Tesla & other US electric vehicle makers are making strong sales in South Korea thanks to Govt. subsidies while the revised US EV tax credit bill is set to put Korean carmakers at a disadvantage in the US market. According to the Korea Automobile Manufacturers Association (KAMA), the Korean Govt. provided a total of 82.3 billion won in subsidies to imported EVs in the first half and The most importantly Korean Govt. has provided subsidies for EV purchases since 2018, commensurate to the vehicle’s battery capacity and mileage. Also Tesla has raced to become one of the leading sellers of EVs in South Korea and making the most of the subsidies on offer in the country EVs. The American company become strong player here or the model 3 is selling like hot cakes, causing much concerns to rivals, especially the home-grown ones. Now, the South Korea Govt. is reportedly looking at revising it’s policy on EV subsidies and may exclude premium brands which would also include Tesla.
But according to reports in to Korean media, the Govt. is slated to hold talks with representatives of around 11 car makers regarding the subsidies provided on EVs. This includes Hyundai and Kia. If the Govt. does go ahead with its plans, it could prove to be a stumbling block in Tesla’s Charge But KAMA notes that the Tesla model 3 is now the most- imported EV in the country. There are some speculations that Tesla’s rise here has spooked local giants like Hyundai and that alarm bells here are ringing loud and clear. Many argue that the idea behind incentives is to put EVs on the roads and to exclude certain cars or car makers from the benefits not only hurts them but also mutes customer interest and defeats the real objective of ushering in electric mobility.
Car users from the world’s least affluent cities are exposed to a disproportionate amount of in car Air pollution because they rely heavily on opening windows for ventilation Or according to WHO air pollution kills as estimated 7 million people Worldwide every year and 9 out of 10 people breathe air with high levels of pollutants.
