Motivational incentives for electric car purchase South Korea 2024, by age group
The main incentive for South Korean consumers to purchase an electric car was the availability of tax rebates and subsidies on such purchases, according to a survey conducted by Rakuten Insight in January 2024. This was the most popular incentive across all age groups and was chosen by about 80.43 percent of respondents aged 55 years and older in particular. Having charging stations near housing and work was another major incentive.