S.Korea considers opening its generous $18,000 electric car incentive to Tesla vehicles as it enters the market
South Korea offers a very generous electric vehicle incentive of up to 22 million won ($18,328), but the program has a ridiculous rule that the electric car has to be able to fully charge in under 10 hours using a standard outlet. We are talking about a regular 220-volt outlet so of course, it unfairly disqualifies electric vehicles with larger battery packs and longer range, which on the market today primarily consists of Tesla’s vehicles.
But now that Tesla is entering the South Korean market, the government is reportedly looking into removing the requirement in order to accelerate electric vehicle adoption and address its worsening smog problem. Expand