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Business

Carbon tax to hit Hyundai sales

Published: 19 Mar 2014 - 11:26 am | Last Updated: 27 Jan 2022 - 02:04 am

South Korean Hyundai Motor Group’s cars are seen on a truck at the company’s shipping yard at a port in Pyeongtaek. Hyundai fears a proposed tax on vehicle carbon emissions will slash its domestic sales by up to 10 percent and is pressuring the South Korean government to reverse course.

South Korean Hyundai Motor Group’s cars are seen on a truck at the company’s shipping yard at a port in Pyeongtaek. Hyundai fears a proposed tax on vehicle carbon emissions will slash its domestic sales by up to 10 percent and is pressuring the South Korean government to reverse course.