• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechElectric vehicles
Asia

Exploding Mercedes-Benz EV prompts parking garage electric vehicle bans in South Korea

By
Heesu Lee
Heesu Lee
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Heesu Lee
Heesu Lee
and
Bloomberg
Bloomberg
Down Arrow Button Icon
August 7, 2024, 7:12 AM ET
Pedestrians walk along a waterway in Incheon on July 27, 2024. An unplugged electric Mercedes-Benz sedan caught fire last Thursday in an underground carpark at an apartment complex in Incheon, west of Seoul, according to fire authorities.
Pedestrians walk along a waterway in Incheon on July 27, 2024. An unplugged electric Mercedes-Benz sedan caught fire last Thursday in an underground carpark at an apartment complex in Incheon, west of Seoul, according to fire authorities. ANTHONY WALLACE—AFP via Getty Images

Management teams in office buildings and apartment complexes across South Korea are mulling measures to address the risk of fire after an electric vehicle explosion led to the evacuation of more than 200 families.

Recommended Video

An unplugged electric Mercedes-Benz sedan caught fire last Thursday in an underground carpark at an apartment complex in Incheon, west of Seoul, according to fire authorities. More than 700 residents were evacuated due to water and power outages and the blaze damaged some 140 cars, according to the Incheon Metropolitan City government. Twenty three people were hospitalized.

Several office buildings have now banned EVs from entering and parking, according to notices on social media, while some apartment management committees are advising EV owners to be cautious when they charge their cars.

Watch the explosion here: 

청라 아파트 전기차 화재 사고

벤츠 전기차라고 합니다

불 순식간에 붙네요 무섭 ㄷㄷㄷ pic.twitter.com/BA3l5GJbJY

— Healthy Investing (@btc_tsla_keepgo) August 1, 2024

The incident has rattled South Korea’s public at a time when EV sales growth — globally — is slowing. While combustion engine car fires are much more common, negative sentiment toward EVs and the fire risk their batteries may pose adds to some of the other reasons consumers shy away from buying an electric car, including higher upfront costs and lack of reliable charging infrastructure.

“Honestly it’s quite frightening and this will surely be discussed during our regular resident meeting this month,” Wayne Moon, a 37-year-old inhabitant of Gyeonggi, the province surrounding the capital, said by phone. “There’s a need for the country to overhaul everything from fire safety standards, legislation and charging infrastructure to address the risk of EV fires.”

Mercedes-Benz Korea will fully cooperate with authorities to investigate the cause of the fire but declined to comment further, according to a statement.

According to local media reports, the battery in the car was made by China’s Farasis Energy. It became a partner to Mercedes-Benz in 2018, providing cells to the German carmaker as part of an eight-year contract and Mercedes-Benz became a strategic investor in the company in 2020, some of the reports said. Farasis didn’t respond to requests for comment.

With social media now abuzz in Korea over the safety of EV batteries, some people are reconsidering their upcoming car purchases.

Users of a Tesla Inc. online community chat were debating on Tuesday whether they should cancel their orders, and one EV owner complained that a shipping company had refused to take his car to Jeju Island. Another EV owner said his office building had suspended the use of EV chargers.

According to a 2023 report from Korea’s National Fire Agency, the number of cars catching fire has increased every year for both internal combustion engine vehicles and EVs since at least 2017. It’s typically more difficult to put out an EV blaze however as lithium-ion battery fires burn hotter and last longer than gasoline ones. 

Most South Koreans live in high-density apartments, meaning a large portion of charging stations are housed in buildings’ underground garages. Newly constructed apartments and buildings of certain size are legally required to install EV chargers.

Following last week’s incident, Song Eonseog, a lawmaker from the ruling party, has proposed revisions to the country’s Parking Lot Act to ensure better safety and limit EV battery fires. 

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Heesu Lee
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers
AIchief executive officer (CEO)
Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers
By Jason MaMay 2, 2026
4 hours ago
Photo of several people working on a presentation together
AICareers
Big Tech is shelling out up to $1 million for new hires who will never have to write a line of code
By Sydney LakeMay 2, 2026
6 hours ago
dario
CommentaryAnthropic
Anthropic’s most powerful AI model just exposed a crisis in corporate governance. Here’s the framework every CEO needs.
By Jeffrey Sonnenfeld, Stephen Henriques, Dan Kent and Holden LeeMay 2, 2026
9 hours ago
Photo of vegan cheese products
AITech
A Mark Cuban–backed vegan cheese company trained AI to scrutinize cardboard boxes. It’s saved $400,000
By Jake AngeloMay 1, 2026
1 day ago
Young trade worker learning on job
SuccessHiring
Forget Big Tech: Small businesses will hire nearly 1 million grads in 2026—and some of the hottest roles are gloriously AI-proof
By Emma BurleighMay 1, 2026
1 day ago
Andrew McAfee
SuccessCareers
MIT AI expert warns automating Gen Z entry-level jobs could backfire—and cost companies their future workforce
By Preston ForeMay 1, 2026
1 day ago

Most Popular

Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
1 day ago
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
Law
A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese
By Catherina GioinoMay 1, 2026
1 day ago
Current price of oil as of May 1, 2026
Personal Finance
Current price of oil as of May 1, 2026
By Joseph HostetlerMay 1, 2026
1 day ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
2 days ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
5 days ago
Current price of gold as of May 1, 2026
Personal Finance
Current price of gold as of May 1, 2026
By Danny BakstMay 1, 2026
1 day ago