Economy · Planned · 3 sources combined
EV tax credit requested
Strengthened plan this month
In short
The government and business groups met to discuss ways to support corporate investment.
The industry requested that electric vehicles be included in tax benefit targets.
The government plans to announce support measures for the electric vehicle industry this month.
Key facts
| When | The first meeting was held at Korea Development Bank on November 5. |
|---|---|
| Who | Deputy Minister Kwon Dae-young of the Ministry of Economy and Finance, six major business associations, and the automotive industry attended. |
| What | They requested that electric vehicles be added to the domestic production tax credit target. |
| How | The government plans to announce the 'Plan to Strengthen Electric Vehicle Industry Competitiveness' in November. |
What it means for me
Workers in the electric vehicle industry need to monitor whether tax credits will be included.
