South Korea to boost EV subsidies in 2026 as automakers brace for U.S. tariff shock
South Korea will significantly increase its electric-vehicle subsidies next year as part of a sweeping support package aimed at shielding its auto industry from the financial strain of steep U.S. tariffs. The government confirmed that EV subsidies will rise by roughly 20 percent in 2026, bringing the total allocation to about 936 billion won (around […]
