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 to discuss strategies for advancing the nation's electric vehicle (EV) industry. The encounter, which lasted approximately 20 minutes, took place prior to a roundtable at Hyundai's research facility in Hwaseong, south of Seoul, according to sources.
During the meeting, the two officials deliberated on implementing tax reductions for EVs manufactured in the country. The finance ministry disclosed that Lee was also informed about Hyundai's plans to develop advanced EVs and autonomous vehicles during the discussion.
The roundtable, which included representatives from other automobile manufacturers, was part of the government's initiative to gather industry perspectives on EVs and autonomous driving technology. Finance Minister Lee emphasized during the meeting that the country must secure cutting-edge technologies comparable to those of leading nations within a two- to three-year timeframe, as EVs present a crucial opportunity to revitalize economic growth.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
