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25 Jan
11:27

South Korea raises EV, hydrogen subsidies

The government of South Korea has increased the number of available subsidies for the purchase of electric vehicles (EV) and hydrogen fuel-cell electric vehicles (FCEV), Kallanish reports. An announcement from the country’s ministry of finance on Friday detailed new subsidies as part of a domestic drive to increase sales of zero-emission vehicles. Under the new plan, subsidies of up to KRW 19 million ($17,200) for EV purchases and KRW 37.5m for purchases of …
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