ID :
68281
Mon, 06/29/2009 - 19:09
Auther :
Shortlink :
https://oananews.org//node/68281
The shortlink copeid
Gov't to give tax breaks to three hybrid cars to help sales
By Lee Joon-seung
SEOUL, June 29 (Yonhap) -- The South Korean government said Monday that it will
offer tax breaks to buyers of three types of hybrid cars, including two Japanese
models, as part of its plan to boost sales of energy efficient eco-friendly
vehicles.
The models that can receive up to 3.1 million won (US$2,400) in tax breaks are
Hyundai Motor Co.'s Avante 1.6 LPI, Honda Civic Hybrid and Lexus RX450h, the
Ministry of Knowledge Economy said.
It said people who buy such cars will be exempt from paying acquisition,
registration, individual consumption taxes and need not buy state bonds that are
mandatory for all automobile purchases.
A hybrid vehicle refers to a car that commonly combines a conventional, internal
combustion engine with a motor drive system powered by electricity.
"The selection was based on the ability of vehicles to drastically improve fuel
economy by using the hybrid electrical drive," said Kim Chang-kyu, head of the
ministry's transportation systems division.
He said the three cars picked have 50 percent more fuel efficiency than vehicles
that are externally same models, but run on conventional engines. These models
also have a battery with nominal voltage capability of 60 volts of direct current
that are used to drive the cars forward. A regular car battery -- not related to
driving a car -- can generate 12 volts of electricity.
Kim, meanwhile, said that carmakers will not be allowed to get tax breaks for
vehicles that employ energy conservation devices like "idle stop and go" devices
that automatically turn off engines when the car has stopped, or have moderate
electrical drives that are inadequate to move a car by itself.
The ministry in charge of the country's industrial and energy policies said that
the tax breaks are non-discriminatory since they apply to all cars that meet the
strict requirements. Of the three models that can benefit from the tax breaks,
two are Japanese with the Avante being the sole locally made vehicle.
The Avante LPI, that is fueled by liquefied petroleum gas, can travel 17.8
kilometers on a liter of fuel, with Honda and Lexus models able to move 23.2
kilometers and 16.4 kilometers each on a liter of gasoline. The Avante can travel
22.2 km if it burns gasoline.
All three models have very low carbon dioxide emission levels with the South
Korea car emitting 99 grams per kilometers, with Lexus releasing the most at
142.4 grams.
yonngong@yna.co.kr
(END)
SEOUL, June 29 (Yonhap) -- The South Korean government said Monday that it will
offer tax breaks to buyers of three types of hybrid cars, including two Japanese
models, as part of its plan to boost sales of energy efficient eco-friendly
vehicles.
The models that can receive up to 3.1 million won (US$2,400) in tax breaks are
Hyundai Motor Co.'s Avante 1.6 LPI, Honda Civic Hybrid and Lexus RX450h, the
Ministry of Knowledge Economy said.
It said people who buy such cars will be exempt from paying acquisition,
registration, individual consumption taxes and need not buy state bonds that are
mandatory for all automobile purchases.
A hybrid vehicle refers to a car that commonly combines a conventional, internal
combustion engine with a motor drive system powered by electricity.
"The selection was based on the ability of vehicles to drastically improve fuel
economy by using the hybrid electrical drive," said Kim Chang-kyu, head of the
ministry's transportation systems division.
He said the three cars picked have 50 percent more fuel efficiency than vehicles
that are externally same models, but run on conventional engines. These models
also have a battery with nominal voltage capability of 60 volts of direct current
that are used to drive the cars forward. A regular car battery -- not related to
driving a car -- can generate 12 volts of electricity.
Kim, meanwhile, said that carmakers will not be allowed to get tax breaks for
vehicles that employ energy conservation devices like "idle stop and go" devices
that automatically turn off engines when the car has stopped, or have moderate
electrical drives that are inadequate to move a car by itself.
The ministry in charge of the country's industrial and energy policies said that
the tax breaks are non-discriminatory since they apply to all cars that meet the
strict requirements. Of the three models that can benefit from the tax breaks,
two are Japanese with the Avante being the sole locally made vehicle.
The Avante LPI, that is fueled by liquefied petroleum gas, can travel 17.8
kilometers on a liter of fuel, with Honda and Lexus models able to move 23.2
kilometers and 16.4 kilometers each on a liter of gasoline. The Avante can travel
22.2 km if it burns gasoline.
All three models have very low carbon dioxide emission levels with the South
Korea car emitting 99 grams per kilometers, with Lexus releasing the most at
142.4 grams.
yonngong@yna.co.kr
(END)
