Factory operations suspended due to low demand for electric vehicles, making subsidy payments difficult for January to March = South Korea

Hyundai Motor suspended production of the electric vehicle (EV) light-duty truck "Porter 2 Electric" produced on the 42nd line of its Ulsan 4th plant in January, and began production in February.
It was announced that it had reopened. The reason behind the suspension of factory operations is that consumption will be sluggish as the government's EV subsidy budget is not finalized. The company said, ``Usually around November,
There is still national funding left for subsidies, but local governments will run out of their budgets and then enter a vacuum with no subsidies."
Since the end of last year, KG Mobility (formerly SsangYong Motors) has also started operating its Pyeongtaek (Pyeongtaek) factory.
The production volume of the EV-type sports utility vehicle (SUV) ``Tress EV'' is being adjusted. If the production line stops like this, losses will occur due to fixed cost expenditures. EV production
The number of units sold and the number of units sold will decrease, making it difficult to maintain profitability. The automobile industry and consumers expect EV purchases to increase once the new fiscal year begins in March. Key of the Department of Future Automobiles, Daelim University
Professor Moo Pil-soo explained, ``The National Assembly will decide on the next year's government budget at the end of December, and EV subsidies will be determined based on this.'' Professor Hwang Yong-sik of Sejong University said, ``The subsidy is
The reason for the blank period is due to institutional problems. We need a system that takes into account the continuity of consumption and environmental policy aspects and fills in the gaps."