S. Korea Spurs Green Car Development

30 September 2004

The Korea Times. The South Korean National Assembly passed a bill authorizing the Ministry of Commerce, Industry and Energy (MOCIE) to establish ongoing plans every five years to support the development and commercialization of future cars like electric, solar heat and fuel cell powered vehicles.

The ministry will also establish fuel efficiency standards for gasoline-electric hybrid cars by the end of next year. The government has already established a policy that public agencies adopt hybrids from this year on.

Hyundai has committed 50 hybrids to the government in October as a start. Separately, the company is outlining its vision for green cars in Seoul today.