INTIEAKorea · New Deal - Ecofriendly vehiclesPolicyIn force

New Deal - Ecofriendly vehicles

Last changed 5 years ago.

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Lifecycle

EffectiveJan 01, 2021
Last changeOct 27, 2021

Country / jurisdiction: Korea · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The Ministry of Trade, Industry and Energy said that it plans to raise 200 billion won (179 million USD) in 2021 to nurture eco-friendly automobiles in line with the country’s New Deal drive. The government will contribute KRW 50 billion, and is partnering with Hyundai and the Korea Evaluation Institute of Industrial Technology which will contribute KRW 30 billion each. The fund will provide for development of materials and infrastructure for eco-friendly automobiles.

Official source: https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=5173

Source

https://www.iea.org/policies/12880

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