According to a Bloomberg report, the country intends to export 900,0000 of the vehicles and bring domestic share of EVs to 21 per cent. The South Korean government intends to give EV buyers tax breaks from 2012 and not 2013 as previously announced.
The publication also said that national automotive companies may invest about $2.7bn in related technologies. Amongst the companies that will be involved in production are Hyundai Motor Co., Kia Motors Corp., GM Daewoo Auto & Technology Co. and Renault Samsung Motors Co.
Energy sources
According to information on the U.S. Energy Information Administration website, in 2008 oil accounted for the largest portion, or 45 per cent, of South Korea’s primary energy consumption. It reached a peak in the mid-1990s, when the oil share reached 66 per cent. Currently the country is the fifth largest oil importer in the world. Coal comes second with 27 per cent of the total energy matrix, followed by natural gas and nuclear with 14 per cent each. Renewables account for less than one per cent.
