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South Korea to lower EV subsidies by W1m

Subsidies given to those who purchase electric vehicles will be lower regardless of vehicle size compared to the subsidies given last year, said the Ministry of Environment on Tuesday. During the Ministry of Environment’s press briefing on its new EV subsidy plan, the environment ministry confirmed that the performance subsidies for EVs of all sizes have been reduced by 1 million won ($752). According to this n. ....

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