The OELVs don’t require any recharge stations or batteries on the vehicle to run, saving time and space as well as production costs, it added, as it is becoming a very viable technology in the electric car industry.
It added, the OELVs carry batteries one-fifth the size of those currently used in other electric vehicles, but it is for emergency situations only.
The new technology was developed in cooperation with the state- funded (South) Korea Institute of Science and Technology (KAIST), who said Tuesday’s announcement could be a groundbreaking discovery in the electric vehicle field, as a number of research institutions and labs have failed to produce similar results in the past.
The Seoul government said it expects to apply the new technology to city buses from as early as next year, following trial operations, with plans of switching all buses and taxis to ‘ green-cars’ by 2020.
Editor: Zhang Xiang
