Finance minister, Hyundai Motor chief discuss EV policies: sources
Korea's finance minister met with the head of Hyundai Motor Group to discuss ways to develop the country's electric vehicle (EV) industry, along with government tax incentives for the sector, sources said Monday. Finance Minister Lee Hyoung-il met with Hyundai Motor Group Executive Chair Euisun Chung for around 20 minutes ahead of a roundtable held on the day at the company's research center in…
Finance Minister Lee Hyoung-il met with Hyundai Motor Group Executive Chair Euisun Chung on Monday to discuss strategies for advancing Korea's electric vehicle industry. The 20-minute meeting took place before a roundtable session at Hyundai's research center in Hwaseong, south of Seoul. The discussion included plans to offer tax cuts for domestically produced EVs, according to sources.
During the meeting, Lee was briefed by Hyundai on the company's intentions to develop next-generation electric vehicles and autonomous vehicles. The roundtable, which also featured representatives from other automakers, was part of the government's initiative to seek industry perspectives on EVs and autonomous driving technology.
Finance Minister Lee emphasized the importance of securing advanced technologies in electric vehicles and autonomous driving within two or three years to revitalize the country's growth potential.
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