The Chevrolet Spark EV is scheduled to hit local showrooms in October, the carmaker said, as its top officials signed a preliminary deal with their counterparts at the environment ministry and a provincial city to boost the use of electric cars.
Mr Sergio Rocha President and CEO of GM Korea said that the Chevrolet Spark EV is the most efficient electric vehicle in South Korea and that it can travel 135 kilometers (84 miles) on a single charge.
South Korea’s government provides subsidies worth 15 million won (about US$13.450) to those who buy electric cars. Separately, the provincial authorities in the country’s southern resort island of Jeju provide subsidies worth 8 million won (about US$7.200) to those who buy electric cars.
Chevrolet Spark EV is priced at set at 39.9 million won (about US $35.940). Still, the subsidies mean that an ordinary driver can buy the Spark EV for 17 million won (about US$15.290), according to the carmaker. In comparison, the price of the gasoline-powered Spark ranges around 15 million won (about US$13.515).[source: GM Korea]