INTIEAKorea · Measures to Strengthen the Competitiveness of Eco-friendly Vehicles and Secondary BatteriesPolicyIn force

Measures to Strengthen the Competitiveness of Eco-friendly Vehicles and Secondary Batteries

The Korean government has committed 21 trillion won in 2025 to boost eco-friendly vehicles and batteries. The government invests in the EV and battery industries. Additionally, the programme offers a 20% additional subsidy to individuals aged 19 to 34 buying an electric vehicle…

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Country / jurisdiction: Korea · Year: 2025 · Status: In force · Level: National · Type: Voluntary

The Korean government has committed 21 trillion won in 2025 to boost eco-friendly vehicles and batteries. The government invests in the EV and battery industries. Additionally, the programme offers a 20% additional subsidy to individuals aged 19 to 34 buying an electric vehicle as their first car. It also promotes the development of charging infrastructure. Furthermore, it invests in hydrogen buses.

Official source: https://www.businesskorea.co.kr/news/articleView.html?idxno=233682

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https://www.iea.org/policies/26151

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