South Korea to ramp up policy support for electric, hydrogen cars

Seoul, April 26 (BNA): South Korea plans to invest 397.5 billion won ($318 million) in building charging stations for electric and hydrogen vehicles this year in a bid to boost its next-generation auto industry, a senior government official said. Tuesday said.

The government also plans to focus on infrastructure building and technology development for self-driving vehicles this year, according to First Deputy Finance Minister Lee Eog-weon.

Lee said while visiting a research center for leading automaker Hyundai Motor in Hwaseong, south of Seoul, Yonhap reported.

The country ranked the non-memory, bio-health, and next-generation vehicle sectors as three key industries it aims to nurture job creation and innovation-driven growth.

The government said earlier that it plans to provide more subsidies for zero-emission cars in a bid to help the country better achieve its greenhouse gas emissions targets.

South Korea aims to increase the total number of environmentally friendly vehicles to 4.5 million units by 2030, including 3.62 million electric vehicles.


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