South Korea ups subsidies for eco-friendly cars to speed up green push

South Korea will offer up to 19 million won (515,000 baht) in subsidies to people who buy an electric car this year and up to 37.5 million won for a hydrogen fuel-cell electric vehicle to ensure more eco-friendly cars on the road as part of the country’s green push, according to the government’s expanded subsidy plan.

The government said it aims to add 136,000 electric and hydrogen vehicles this year by upping its subsidy to 1.02 trillion won for 121,000 EVs, and to 365.5 billion won for 15,000 hydrogen vehicles, Pulse reported. This year’s target number of EVs and hydrogen vehicles is up by 21.4% and 49.2%, respectively, from a year ago, it added.

The government will also install 31,500 EV charging…