Tesla recently began sales of its electric vehicles in South Korea in June, but at launch those EVs weren't covered by the generous regional subsidies of up to 26 million won (over $23,100), available for other offerings.
Now all that is going to change.
Outside Tesla Store In South Korea
The problem with the incentive in South Korea was that eligibility was determined by pretty crazy “10-hour charging rule” (a qualifying EV is required to be fully charged in less than 10 hours using a 7 kW charging station).
So, in the case of big capacity battery packs, like the 100 kWh, 90 kWh or even 75 kWh batteries found in Teslas, the incentives were out of reach.
Updated charging requirements for the rebate now no longer includes the antiquated “10-hour charging rule”.
Replacing it, there are two new points that indicate South Korea will give subsidies only for fast rechargeable cars:
- car has to be capable of supporting more than 32 ampere low-speed charger and
- 100 ampere for high-speed charger
The SK adoption goal for 2020 is 250,000 electric vehicles on the road, which is fairly bold.
"“We are planning to speed up the distribution of EVs by modifying the rules to reasonably evaluate a car’s technology and quality,” the ministry said in a statement. “By expanding the EV choice offerings, we will work hard to reach 250,000 units sales by 2020.”"