Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/302800 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
KDI Focus No. 135
Publisher: 
Korea Development Institute (KDI), Sejong
Abstract: 
South Korea's strategies for deploying battery electric vehicles (BEVs) primarily include providing purchase subsidies and expanding charging infrastructure. An empirical analysis of new vehicle registrations from 2019 to 2022 shows that investing in charging facilities is more costeffective than offering purchase incentives for increasing BEV adoption. To achieve a higher share of BEVs, a stronger policy focus on improving the charging network is necessary to stimulate overall demand for BEVs.
Subjects: 
Electric vehicle
purchase
subsidy
public spending
sustainable mobility
impact analysis
South Korea
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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