South Korea to spend $1 bn in 2025 to promote EV sales

Seoul, Jan 15 (Blitz India Busienss) South Korea’s industry ministry said on Wednesday the government will spend 1.5 trillion won ($1.02 billion) this year to induce consumers to purchase electric vehicles (EVs). The move is aimed at revitalising domestic demand for EVs amid sluggish sales driven by safety concerns and a lack of access to…

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