The export of environmentally friendly cars in South Korea rose 33 percent to record high

Seoul, December 24 (IANS). South Korea’s exports of environmentally friendly vehicles in South Korea increased by 32.5 percent to a record high of a record due to a good global electric vehicles demand (EV). According to data from the Korea Automobile and Mobility Association, the export volume of environmentally friendly cars during the January-November period was 662.307 units, compared to 499.854 units a year ago. According to the report of the Yonhap news agency, officials said the number is expected to exceed for the first time in the entire 2023 700,000. Last year, the export of environmentally friendly cars reached a record high level of 554,000 and the price also reached a high of $ 1.61 million. This year’s sales growth is inspired by the popularity of EV and hybrid models. Of the total environmentally friendly vehicles sold this year, 316.654 EVs, followed by 283,685 units of hybrid models and 61,694 input hybrid cars. EV sales rose 65.7 percent from year to year and the export of hybrid cars had an increase of 6.5 percent in 2023. But the data shows that the country exported 274 units of hydrogenelectric vehicles, which are 30.8 percent less on an annual basis. An industry official said: “EV industries is a promising area, but a growing number of countries are reducing or abolishing buyers from South Korean and other foreign brands.” -Ians FZ/SGK shares this story tags