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The South Korean government on Wednesday announced new standards for incentives offered to owners of electric cars, in a decision that could benefit Telsa (TSLA) - Get Tesla Inc Report , Electrek reports.

Since Tesla's launch in South Korea, customers in the country have been dissuaded from purchasing the electric carmaker's models because they don't receive a lucrative electric vehicle incentive offered by the government.

Because Tesla buyers were not granted the up to 26 million won (about $23,000) incentive, it negatively weighed on the company's launch in South Korea.

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For an electric vehicle driver to receive the incentive, the vehicle must be able to charge in less than 10 hours using a standard outlet, unfairly giving vehicles with small battery packs and shorter ranges an advantage.

Wednesday's decision implements rules that support 32 amp level 2 charging and 100 amp DC fast-charging. These incentivize charging standards instead of placing vehicles with larger battery packs at a disadvantage. 

Shares of Tesla were climbing higher during afternoon trading on Wednesday. 

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