Tesla to Protest New Green Car Policy in South Korea
Tesla is upset because this new policy to reward companies that make green cars leaves them out:
Attention is growing over a local policy incentivizing car manufacturers to produce more eco-friendly vehicles, as Tesla is known to be lobbying the government in an attempt to benefit from the program.
Korea Times
The policy requires local carmakers to increase the portion of eco-friendly vehicles they produce. The program fines companies that fail to meet the required percentage of green cars, but rewards those that do by providing incentives.
The U.S. tech company claims the policy is unfair because it only applies to car manufacturers that sold at least 4,500 vehicles here as of 2009. Tesla does not fall under this category.
The company is known to have stated the policy goes against the national (equitable) treatment principle under the Korea-U.S. Free Trade Agreement (KORUS FTA). The principle requires governments to treat local and foreign businesses equally, given products of the foreign business have entered the local market.
You can read more at the link, but the Korean government’s perspective is that they don’t want to reward a company that already makes nothing, but green cars.
Please don’t call them “green” cars. Absolutely nothing environmentally friendly about them.
I doubt Tesla is participating in the commie moon slush fund so commie moon won’t give him a kick back..
Elon Musk is rich enough to stop selling cars in South Korea and not notice…
making electric cars, especially the batteries, is very harmful to the planet. https://www.theguardian.com/sustainable-business/2017/aug/24/nickel-mining-hidden-environmental-cost-electric-cars-batteries
Another article on how bad EV are for the planet. https://www.forbes.com/sites/tilakdoshi/2020/08/02/the-dirty-secrets-of-clean-electric-vehicles/?sh=7d9b5606650b
Classic Korean protectionism.
The Korean government has no interest in fair and free trade/economy. Their only interest is enacting policy that benefits and protects local companies.
Take the Astrazeneca vaccine. Why is the Korean government pushing this instead of the more effective Pfizer and Moderna vaccines? Simple. Astrazeneca is produced locally by SK Chemical, in addition to being a lot cheaper.(Less to spend on the people and more money for the government to spend on their prestige projects)
Same for the electric cars. The Korean government wants Hyundia Kia to succeed, not Audi, Toyota or Tesla.
“The Korean government has no interest in fair and free trade/economy. Their only interest is enacting policy that benefits and protects local companies.”
Good job Korea.
When Trump tried only to get FAIR trade, he was raaaaaaysis. The globalists and corporatists sabotaged him at every step. Their propaganda arms convinced a large percentage of the population to hate him against their own best interests. Everybody conspired to cheat the election and not report it.
Korea has succeeded in record time due to looking out for Korea.
Instead of hating that, I have joined that. Why be on a losing team?
I would join the corporatists and globalists, but they like to keep the team small.
CH, the problem with fair trade is the lack of opportunity for payola and sinecures.