29 Dec '16, 2pm

South Korea to extend electric-car subsidy to long-range vehicles too

Stephen Edelstein Dec 29, 2016 2017 Tesla Model S Enlarge Photo South Korea currently offers electric-car subsidies, but only to shorter-range vehicles. This somewhat unusual provision was put in place in 2012, the government says, to encourage sales of electric cars with convenient charging times. Under the current rule, electric cars that can fully charge in under 10 hours on standard household current receive up to 22 million won ($18,328) in subsidies—but vehicles that take longer than that receive nothing. DON'T MISS: China to crack down on green-car subsidy cheating: report That cuts out longer-range electric cars with larger battery packs, which will take longer to charge from a standard household outlet. South Korea is now considering changing the rule , Reuters reports, as government officials anticipate the arrival of long-range electric cars from Tesla and other...

Full article: http://www.greencarreports.com/news/1108047_south-korea-t...

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