Title: Ministry of the Environment Commences Pre-Registration for Subsidized Vehicles under the “Commercial Vehicle Electrification Promotion Project” to Support Decarbonization Efforts in the Transportation Sector towards Achieving Carbon Neutrality by 2050

On the 22nd, the Ministry of the Environment announced the commencement of pre-registration for vehicles eligible for subsidies under the “Promotion of Commercial Vehicle Electrification Project.” The Ministry aims to accelerate the electrification of commercial vehicles as part of efforts towards achieving carbon neutrality by 2050, with a focus on decarbonizing the transportation sector, which accounts for 20% of CO2 emissions.