South Korea fines Tesla $2,200,000 for allegedly providing deceptive information

18 Jun 2023

Reuters reported that the South Korean antitrust regulator, the Korea Fair Trade Commission (KFTC), would fine Tesla $2.2 million for neglecting to tell consumers about the reduced driving range of its electric cars (EVs) in cold temperatures.
Since August 2019, Tesla has, according to the KFTC, exaggerated on its official local website the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles, and the performance of its Superchargers."

In cold conditions, the actual range of Tesla's electric vehicles might be up to 50.5% less than what is stated online.
The KFTC also discovered that Tesla gives winter driving suggestions, such as pre-conditioning cars with external power sources and using its updated Energy app to monitor energy use, but fails to indicate the loss in driving range in sub-zero conditions.
This is not the first time the KFTC has assessed a penalty for deceptive advertising.
Mercedes-Benz and its Korean subsidiary were fined $17.5 million in 2020 for fraudulent advertising regarding the fuel economy of their diesel passenger cars.

Play audio


Share:

Comments

No comments

Add your comment

Search Blog

Recent Posts

FG to Train 100,000 Youths a Year in Forex Trading and Financial Skills The Federal Government of Nigeria has signed a Mem...
WhatsApp Makes It Easier to Find Businesses and Channels with New Updates WhatsApp is introducing a suite of new features ai...
Lagos Engages Stakeholders in Shaping the Proposed Innovation Bill 2025 In a decisive move to reinforce its position as Ni...
Apply Now: 2025 AWS Startups Generative AI Accelerator AWS Startups is now accepting applications for its...

Related Post

WhatsApp Makes It Easier to Find Businesses and Channels with New Updates
WhatsApp is introducing a suite of new features aimed at enhancing how users dis...
Lagos Engages Stakeholders in Shaping the Proposed Innovation Bill 2025
In a decisive move to reinforce its position as Nigeria’s leading innovation hub...
Weekly DStv Subscriptions May Soon Launch in Nigeria as MultiChoice Tests Flexible Pricing
DStv’s parent company, MultiChoice, has begun testing weekly subscription plans...
Logo

Accelerating the growth of Africa's tech ecosystem