| The interior of a Tesla Model 3 electric vehicle is shown in this picture illustration taken in Moscow, Russia July 23. Reuters-Yonhap |
Korea's environment ministry said Sunday that it will revamp a subsidy scheme for electric vehicles (EVs), with the current proposal centering on excluding high-priced EVs from the subsidy recipients.
The country's fat subsidies for EVs have been a major contributor to the popularity of eco-friendly cars.
The overhaul under review includes the exclusion of high-priced EVs, a category that includes vehicles produced by Tesla Motors, from the list of beneficiaries, according to the ministry.
The ministry plans to complete the overhaul plan for EV subsidies by October. (Yonhap)