BEVs over Hydrogen: South Korea considers reallocating subsidies

South Korea is considering reallocating subsidies from hydrogen cars and filling stations to battery-electric vehicles (BEVs) to prevent the EV incentive budget from being exhausted by August. The BEV subsidy budget totals 1.7454 trillion Won this year. BEV sales surged 125.3% to 162,026 units in the first five months.