South Korea to promote green cars

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South Korea unveiled on Tuesday an ambitious plan to dramatically increase production of environmentally friendly cars by 2020, as part of global efforts to cut carbon emissions and curb climate change.

South Korea unveiled on Tuesday an ambitious plan to dramatically increase production of environmentally friendly cars by 2020, as part of global efforts to cut carbon emissions and curb climate change.

Under the policy goals released by the energy ministry, the annual output of “green cars” like hybrid and electric-powered vehicles would increase sharply from 80,000 this year to 920,000 over the next five years.

Seoul eventually hopes such vehicles would account for 20 percent of all cars sold in the domestic market, compared to the current share of just two percent.

The issue of vehicle emissions has taken on a higher public profile recently in South Korea as a result of the scandal involving Volkswagen and faked emissions standards. Last month, the environment ministry orde-red the German auto-maker to recall 125,500 diesel vehicles sold here and fined the company more than $12 million. The energy ministry said the green car policy would help Seoul cut carbon emissions by 3.8 million tons over five years.

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South Korea to promote green cars

South Korea unveiled on Tuesday an ambitious plan to dramatically increase production of environmentally friendly cars by 2020, as part of global efforts to cut carbon emissions and curb climate change.

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