LONDON, Nov. 17, 2016 /PRNewswire/ -- Regulatory Impact on the Electric Vehicle Market in South Korea : Major Chinese OEMs Perceive the Country as a Potential EV Market
The study focuses on the evolution of electric vehicles and emerging trends in the South Korean market. The increasing share of diesel cars is one of the key reasons limiting electric vehicle market growth. The stringent emission norms are also being met with by diesel vehicles that are also cheaper than electric vehicles. The biggest challenge that prevails in the industry is that local Original Equipment Manufacturers (OEMs) are focusing on the export market more than the local market. This is mainly due to various factors such as high costs, lack of infrastructure, and adoption of diesel cars. OEMs are able to meet stringent emission norms due to implementation of small-sized diesel engines.
Research Aim and Objectives
The aim of this research service is to provide an executive outlook of the growth opportunities in the Korean EV market for 2016.
The objective of this study is to provide the following:
- A strategic overview of the trends that will influence the Korean EV market in 2016
- A summary of the performance of EVs in 2015 and its impact on 2016
- An outline of market trends and forecasts for EV sales in 2016
- A detailed description of key EV models
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