Light-duty vehicles (HS code: 8702, 8703, 8704) subject to Article 76.2 (Green-house-gas Emission Standard for vehicles) in accordance with Clean Air Conservation Act.; Motor vehicles for the transport of >= 10 persons, incl. driver (HS 8702); Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) (HS 8703); Motor vehicles for the transport of goods, incl. chassis with engine and cab (HS 8704)

Draft partial amendment of the Public Notice on Corporate Average Energy Efficiency Standards, Greenhouse Gas Emission Standards for Motor Vehicles and Application and Management of the Standards (Ministry of Environment Notice No. 2019-34, January 30, 2019) setting CO2 emissions performance standards for new passenger cars and for new light commercial vehicles (22 page(s), in Korean; 2 page(s), in Korean)

Republic of Korea is proposing to amend the "Public Notice on Corporate Average Energy Efficiency Standards, Greenhouse Gas Emission Standards for Motor Vehicles and Application and Management of the Standards". The main changes proposed are:

1) With regard to Korean's new automobile fuel economy and greenhouse gas emissions regulation (2021~2030), the draft which was made public by the Ministry of Environment Notice No.2020-754 on August 31, 2020, the Ministry of Environment has taken into account improvements in manufacturers' fuel economy and greenhouse gas emissions performance through the development of relevant technologies, and international standards with respect to fuel economy or greenhouse gas emissions in a manner consistent with Article 2.4 of the WTO Agreement on Technical Barriers to Trade.

2) The Regulation sets a fleet target of 97 gCO₂/km for passenger cars and a fleet target of 166 g CO₂/km for light commercial vehicles in 2021, and the Ministry of Environment maintains these targets until 2022. From 2023 to 2030, the CO₂targets will be strengthening from 95 gCO₂/km in 2023 to 70 gCO₂/km in2030 for passenger cars and from 164 gCO₂/km in 2023 to 146 gCO₂/km in2030 for light commercial vehicles.

3) The ME will provide three types of flexibility mechanisms, super-credits for ZEVs and Hybrid vehicles, incentives for manual transmission-equipped vehicles, LPG-fueled vehicles and derogations for small volume manufacturers.

4) Articles for trading CO₂ credit will be also newly set for small volume manufacturers.