On Tuesday, the South Korean government declared that, commencing this week, there will be a reduction of up to 15% in the cost of charging electric vehicles on weekend afternoons. Moreover, during specific periods from March to May and from September to October, a 50% discount on electricity prices for EV charging will be implemented. (In South Korea, due to the relatively high electricity consumption during these periods, the government encourages people to charge their electric vehicles during off-peak hours by offering discounts, which is in line with local energy management strategies and consumer habits.)
