Korea should phase out internal combustion engine
March 11, 2021
In his latest column with the Korea Times, KEI senior director Troy Stangarone proposed that South Korea should phase out the sale of new vehicles with internal combustion engines.
He argues that Korea is well-placed to be competitive in the global electric and hydrogen vehicle markets, but could accelerate industrial developments if regulators force the retirement of internal combustion engines in the domestic market. Troy further adds that Korea’s current timeline for reaching carbon neutrality (by 2050) falls after its key auto-export markets have committed to achieving higher emissions standards. For instance, California – the most important market for automotive emission standards in the United States – plans to ban the sale of new vehicles with internal combustion engines by 2035.
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