South Korea Boosts EV Subsidies, Auto Industry Support

South Koreas ambitious plan to bolster its electric vehicle industry: a significant increase in subsidies for electric cars, extended support for auto parts suppliers, and enhanced guarantee programs for international expansion. This strategic move aims to stimulate domestic demand, navigate US tariffs, and maintain the sectors global competitiveness.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.