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[KH Explains] Will Korea s new EV subsidies undercut Tesla s edge?

The South Korean government is carrying out a strategy to boost the price competitiveness of electric vehicles from domestic automakers with a revised EV subsidy policy for this year. It is seen as a response to aggressive pricing strategies of Chinese automakers and models equipped with Chinese batteries, such as the Tesla Model Y, which utilizes cost-efficient lithium iron phosphate batteries from China's CATL.

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Elon Musk s Tesla sold only 1 electric car in South Korea in January Here s why

Carmakers are facing a slowdown in enthusiasm for EVs in South Korea as higher interest rates and inflation prompt consumers to rein in spending

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Elon Musk s Tesla sold only 1 electric car in South Korea in January

Elon Musk s Tesla sold only 1 electric car in South Korea in January
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Tesla Sold One (1) Car In Korea Last Month

Also, the United Auto Workers Union took a big step to add VW workers, and Honda is making a lot of money right now.

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Bangkok Post - Tesla sold only one car in Korea in January

Bangkok Post - Tesla sold only one car in Korea in January
bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.

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