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Electric vehicles

South Korea EV fires spark calls for stricter safety rules

Analysts foresee potential sales decline in fallout after blazes

These vehicle carcasses were left by a fire that broke out Aug. 1, reportedly under the hood of a Mercedes-Benz EV in the underground parking lot of an apartment complex in Incheon, South Korea.   © Reuters

SEOUL -- Serious fires in South Korea that started in electric vehicle batteries are spurring calls for more robust regulations while raising concerns over a possible dip in the industry's fortunes.

On Tuesday, government officials convened a meeting to address growing public concerns over the risk of fires. The number of blazes involving EV batteries has increased in recent years, according to government figures: There were 72 last year, up from 43 in 2022 and 24 in 2021.

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