The Bolt EV is equipped with a 60 kilowatt-hour battery, good for 383 kilometers on a single charge.
The zero-emission model sells for 46 million won ($40,500) to 48 million won, but this does not take into account the 9 million won in subsidies provided by the central government. The overall price falls further depending on additional benefits offered by provincial authorities. Regional governments subsidies can range from 4.5 million won to 10 million won for the purchase of EVs, it said.
By Ram Garikipati and newswires (firstname.lastname@example.org)