{"id":525701,"date":"2022-09-29T10:31:11","date_gmt":"2022-09-29T05:01:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525701"},"modified":"2022-09-29T10:31:11","modified_gmt":"2022-09-29T05:01:11","slug":"south-korea-aims-to-garner-12-percent-of-worlds-ev-market-by-2030","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/south-korea-aims-to-garner-12-percent-of-worlds-ev-market-by-2030\/","title":{"rendered":"South Korea aims to garner 12 percent of world&#8217;s EV market by 2030"},"content":{"rendered":"<p>South Korea seeks to significantly boost production of electric vehicles to more than double domestic carmakers&#8217; global market share to 12% by 2030 and to be a global car industry powerhouse, the industry ministry said on Wednesday.<\/p>\n<p>For the goal, the government vowed to provide tax incentives and various supportive measures to promote carmakers&#8217; investment worth about a combined 95 trillion won ($66.03 billion) by 2026, according to the Ministry of Trade, Industry and Energy.<\/p>\n<p>The comprehensive road map was announced during a meeting presided over by Industry Minister Lee Chang-yang and attended by senior officials of major carmakers and related firms, including Hyundai Motor, Kia, GM Korea and major wireless carrier KT Corp, reports Yonhap news agency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea seeks to significantly boost production of electric vehicles to more than double domestic carmakers&#8217; global market share to 12% by 2030 and to be a global car industry powerhouse, the industry ministry said on Wednesday. For the goal, the government vowed to provide tax incentives and various supportive measures to promote carmakers&#8217; investment worth about a combined 95 trillion won ($66.03 billion) by 2026, according to the Ministry of Trade, Industry and Energy. The comprehensive road map was announced during a meeting presided over by Industry Minister Lee Chang-yang and attended by senior officials of major carmakers and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-525701","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=525701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}