South Korea mulls over electric car rule as Tesla readies showroom

Seoul

SOUTH Korea will consider scrapping a rule next year that denies subsidies for electric vehicles (EVs) with high-capacity batteries, a move that could open its market to more long-range models including some from Tesla Motors Inc.

The country is a major market for premium cars, and ranks in the top six in terms of reservations for Tesla's upcoming Model 3 even though the US carmaker will not enter South Korea until early 2017.