South Korean car manufacturer, Renault Samsung Motors has announced to launch their all electric car SM3 ZE by the end of next year in the Korean car industry. Car manufacturers have shown interest in bringing all electric cars to Korea due to increased demand for environmentally friendly car, thanks to rising fuel prices, which has resulted in a drop in demand for petrol and diesel run vehicles.
Electric vehicles are gaining importance in recent times. Auto makers are looking to launch all electric vehicles but it is the lack of quick charging stations that is holding them back. The good news here is that the South Korean government will be installing 150,000 charging stations over the next 4 years, which will boost electric car sales even further. Renault Samsung Motors will be staking all on mass production of electric vehicles from next year for the nascent markets in Korea.
It was in May/June that the company showcased some high end technologies in their first electric car model SM3 ZE at the 2012 Busan International Motor Show. The company offers test drives on their vehicles and is set to enter the electric vehicle market by end of 2012 and early 2013. SM3 ZE can travel upto 160 kms on a 250 kg lithium ion battery that can be recharged at a fully automated battery station in less than 90 seconds. This vehicle is drawing a great deal of attention in the market recently.