Korea will increase the number of electric vehicle chargers at highway service areas nationwide to over 1,000 by the end of 2022, the transport ministry said Sunday.
Posco will invest 1 trillion won ($850 million) by 2025 to quadruple its capacity to produce electrical steel sheets used to make traction motors for electric vehicles (EVs).
According to the Ministry of Environment on Sunday, the charging price will be increased from 255.7 won ($0.23) per kilowatt-hour, the exact amount to be announced today.
Exports of fully-electric vehicles increased 65.9 percent to $3.9 billion last year, surpassing exports of hybrid electric vehicles for the first time.
Among an array of environment policies relayed during a press briefing at Seoul City Hall on Wednesday, Park said one key goal of the Seoul Metropolitan Government is to swap all diesel and gasoline cars with hydrogen and electric vehicles.