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Last year, Korea's electric vehicle exports reached USD 7 billion, and it is growing so fast that it ranks fourth in the world.

However, China, the largest market for electric vehicles, has been subsidizing domestic electric vehicles, and the United States has recently stepped up the bar.



There are voices that we should also respond head-to-head, and reporter Jang Hoon-kyung covered how to approach it.



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place where the government and the automobile industry come together to express their ambition to become one of the world's three largest automobile industry powerhouses by 2030.



Here too, the recent move by the US to subsidize electric vehicles assembled in their own country under the inflation reduction law became a hot topic.



[Lee Chang-yang/Minister of Industry: Nationalism represented by the IRA Act (Inflation Reduction Act) requires a fundamental change in global production and supply chain management strategies.]



China, the world's largest seller of electric vehicles, is also virtually home-made batteries and parts The subsidy is driven only for electric vehicles that use



In fact, of the 360,000 units Hyundai sold in China last year, only a few thousand were electric vehicles.



Unlike the United States and China, Korea does not consider nationality for subsidy payments.



In the electric bus market, which receives subsidies of 100 to 200 million won per vehicle, the share of Chinese buses, which are cheaper than domestic ones, has already risen to 50%.



In the first half of this year alone, the subsidy paid to imported electric vehicles is over 67 billion won.



This is the reason why there are voices calling for reform of the subsidy system in Korea.



However, as Korean companies are receiving subsidies from overseas markets such as Europe, we need to respond cautiously.



[Kim Pil-soo / President of Korea Electric Vehicle Association: A prerequisite is to protect Korean industry and invest people's subsidies in Korea without disturbing the FTA.]



If more than a certain number are sold, the installation of charging facilities is mandatory, A plan to increase subsidies for hydrogen buses, etc. is being proposed.



(Video coverage: Jeong Seong-hwa, video editing: Lee Jung-taek)