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THE INVESTOR
May 25, 2019
Big Reunion

Automobiles

GM Korea to supply at least 6,000 Bolt EVs this year

  • PUBLISHED :March 14, 2019 - 16:09
  • UPDATED :March 14, 2019 - 16:09
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GM Korea said on March 14 it will supply at least 6,000 Chevrolet Bolt electric vehicles this year amid rising local demand for environmentally friendly vehicles.

The target volume for this year exceeds the accumulated 5,500 units the Detroit-based carmaker has sold in the South Korean market since 2016, the company said on the sidelines of a media test-drive event on Jeju Island. 


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 (ram@heraldcorp.com)

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