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South Korea pushes for transparency: EV makers may soon be required to reveal battery brands

South Korea has proposed new regulations that would require electric vehicle (EV) manufacturers to disclose the brand information of their batteries. The decision was made following discussions between the government and the ruling People Power Party (PPP) on Sunday.

Edited By: Saumya Nigam @snigam04 New Delhi Updated on: August 26, 2024 12:04 IST
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Image Source : FILE EV

The government and the ruling People Power Party (PPP) have reportedly agreed to introduce a system mandating automakers on Sunday, to disclose the battery brand information of all-electric vehicles (EVs). It was during a meeting between senior government officials and PPP officials in South Korea, where the two sides also agreed to launch at an early date a system mandating automakers to get government certification on the safety of the batteries for their EV models, which was initially set to be introduced in February next year.

The move surfaced amid safety concerns and was triggered by a fire that began in a parked Mercedes-Benz electric vehicle on August 1 (2024), which destroyed a parking garage inside an apartment complex in Incheon, 27 kms west of Seoul, while either destroying or damaging over 100 cars.

Days later, a fire broke out in a parked EV in Geumsan, 166 km south of Seoul, reports Yonhap news agency.

Automakers have voluntarily released the information on battery brands used in their electric vehicles following the incident.

The government and the PPP also agreed to deploy equipment to put out fires in EVs to all fire stations nationwide, conduct free safety checks on EV batteries annually and distribute 90,000 units of "smart chargers" that prevent the excessive charge of batteries.

In addition, underground parking lots in newly constructed buildings will be required to install sprinklers capable of early fire detection and prevention.

After having remained mostly reactive in their responses to such safety fears, car manufacturers are now coming out to actively promote the safety of EVs as they seek to resuscitate the automotive segment that has seen a recent slowdown in demand globally amid the so-called adoption chasm.

Industry heavyweights Hyundai Motor and Kia, in particular, are seeking a breakthrough in the global EV demand lull with their new affordable yet advanced models, the Casper Electric subcompact model and the EV3 crossover model, respectively.

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ALSO READ: Ola Electric faces major losses in April-June quarter: Here's the reason

Inputs from IANS

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