* Translated by Papago

Revamping EV Subsidy, Hard to Avoid Criticism of 'Domestic Car Friendly - Import Car Exclusive'

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*This content was translated by AI.

(Seoul = News1) Reporter Oh Dae-il = In February this year, the number of new electric vehicles registered in Korea exceeded 30,000 for the first time, the highest ever. It is analyzed that demand for electric vehicles has soared due to the combination of early confirmation of subsidies, competition for price cuts, and high oil prices.  According to the Korea Automobile Mobility Industry Association (KAMA), the number of new electric vehicles registered in Korea last month was 35,693. It is the first time that the monthly number of electric vehicles registered has entered the 30,000 mark.   The photo shows a charging area for electric vehicles in a building in downtown Seoul on the 30th. 2026.3.30/News1 Copyright © News1. All rights reserved. Unauthorized reproduction and redistribution, and prohibition of using AI learning. /Photo = (Seoul = News 1) Reporter Oh Dae-il
(Seoul = News1) Reporter Oh Dae-il = In February this year, the number of new electric vehicles registered in Korea exceeded 30,000 for the first time, the highest ever. It is analyzed that demand for electric vehicles has soared due to the combination of early confirmation of subsidies, competition for price cuts, and high oil prices. According to the Korea Automobile Mobility Industry Association (KAMA), the number of new electric vehicles registered in Korea last month was 35,693. It is the first time that the monthly number of electric vehicles registered has entered the 30,000 mark. The photo shows a charging area for electric vehicles in a building in downtown Seoul on the 30th. 2026.3.30/News1 Copyright © News1. All rights reserved. Unauthorized reproduction and redistribution, and prohibition of using AI learning. /Photo = (Seoul = News 1) Reporter Oh Dae-il

Evaluation items and detailed allocation criteria for selecting electric vehicle supply business operators have been confirmed. This evaluation system consists of a total of 100 points, including 40 points for quantitative evaluation and 60 points for qualitative evaluation, and differentially applies the weight of points depending on the type of car such as passenger cars, vans, and freight cars. In the quantitative evaluation, 10 points are allocated to the corporate credit rating, 10 points are given for passengers and 5 points for vans and cargo depending on the period of supply project.

In order to confirm technology development capabilities, 5 points were allocated to the current status of R&D investment and patent holding and application status. The follow-up management system evaluates the construction status of the maintenance network and the average inventory retention period of AS parts, and sets a follow-up management score of 15 points for vans and freight cars, higher than 10 points for passenger cars. In the area of qualitative evaluation, five points were allocated to the continuity of post-responsibility and the effect of job creation, and ESG response capabilities were focused on. Environmental regulation and climate policy response items were given 8 points for passenger and 4 points for vans and cargo, and 7 points were allocated in common to ESG management response.

The industry contribution sector set 10 to 14 points, the highest score for the contribution to the parts industry conversion, and also scored 5 points each for domestic supply capacity and industry-academia cooperation capacity. In terms of safety management, a total of 10 points were allocated by allocating 4 points for the defect and recall response process and 2 points for the safety response capabilities of electric vehicles and 2 points for cybersecurity response capabilities. According to the detailed calculation method, the environmental regulatory response calculates scores by weighted average based on the power emission coefficient of each country, which accounts for a high proportion of companies' sales, and applies the International Energy Agency's 2022 standard.

BYD SEAL / Photo courtesy = BYD Korea
BYD SEAL / Photo courtesy = BYD Korea

The number of electric vehicles supplied will be given a perfect score of 5 if there are more than 100,000 units based on the number of units paid and sold in accordance with the subsidy business processing guidelines. In addition, five additional points will be given to companies that have contributed to the establishment of local industrial infrastructure and job creation through local-led investment and job policies, and five points will be given to companies that have installed more than 200 standard electric vehicle fast chargers in the last three years. At this time, chargers installed at major mobile bases are subject to 1.5 times the weight, and facility standards must comply with the Korean Industrial Standard Combo 1 method.

All evidence of evaluation must submit official documents such as audit reports, patent certificates, and repair shop registration certificates, and can be canceled if false facts are found. According to the document, this standard aims to increase the efficiency of electric vehicle distribution and to select operators with follow-up and safety capabilities. However, it seems hard to avoid criticism that it has no choice but to be friendly to domestic carmakers, especially Hyundai Motor Group.

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*This content was translated by AI.

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