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  • Korea's first-ever international electric vehicle expo is currently underway on Jeju

  • Island. Many automakers believe electric cars are

  • beginning to have much stronger presence in the market... especially in Korea.

  • Our Laah Hyun-kyung reports. They're quiet, eco-friendly,... and cost-efficient.

  • Industry watchers say electric vehicles, or EVs are approaching a tipping point.

  • Automakers are producing cars that run entirely on battery power... and are now aiming these

  • vehicles squarely at the mass market. The only thing standing before the mass commercialization

  • of EVs is the required infrastructure.

  • "Investment into charging infrastructure needs to be made before the market can expand. The

  • government's support for electric and eco-friendly cars will help boost sales."

  • In fact, the Korean government has been and is still pushing to ensure there are more

  • electric cars on the nation's roads. Up until last year, you had to live in one

  • of the ten cities chosen by the government... to receive subsidies for EVs, but that regulation

  • is expected to be lifted soon.

  • "The government continues to provide subsidies for those purchasing electric vehicles. Including

  • various tax-breaks and other incentives, this year, you could get more than 22-thousand

  • U.S. dollars in subsidies. These will make electric cars much more affordable and attractive

  • to customers."

  • The world's major automakers are speaking with one voice in their push to provide zero

  • emission solutions around the world. The commercial director of Renault's EV program

  • says... Korea's customer dynamic is a plus to its market potential.

  • "What is wonderful in Korea is that the customers don't have a lot of resistance. They are very

  • open to innovation, they are very open to new technologies and accept very quickly.

  • We still think 10 percent of the market in 2020 is a realistic target for EV."

  • Electric cars have been around for decades... but automakers have never been as excited

  • about their mass appeal and viability as they are now.

  • With investment pouring into enhancing battery technology, market watchers say competition

  • in the EV market in Korea is just getting started.

  • Laah Hyun-kyung, Arirang News.

Korea's first-ever international electric vehicle expo is currently underway on Jeju

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