Korea adds 100,000 electric vehicles last year with cumulative green cars exceeding 1 million

[Photo by MK DB]

South Korea joined a select group of countries with newly registered EV cars at over 100,000 units last year.

According to the Ministry of Land, Infrastructure and Transport on Wednesday, Korea’s cumulative green vehicle sales reached 1,159,087 units at the end of last year, up 41.3 percent from a year ago and occupying 4.7% of vehicles on Korean roads. . It is the first time that the number of green cars registered has exceeded 1 million units, and the share has increased from 0.7% in 2014 to 3.4% in 2020.

Cumulative electric vehicle sales totaled 231,443 units, up 96,481 units from a year earlier. Sales of hybrids increased by 34.7% to 908,000 units and hydrogen cars by 77.9% to 19,000 units, while sales of diesel-powered cars fell to 9,870,000 units. Gasoline cars were sold in total at 11,759,000 units, up 3.1% year on year.

Cumulative sales of all vehicles stood at 24,911,000 units at the end of 2021, up 2.2% from a year earlier.

The number of newly registered vehicles from January to December last year fell to 1,743,000 units, down 9% year-on-year as production halted due to prolonged chip shortages. Sales of domestic brand cars fell 1.1 percent to 1,429,000 units, while sales of imported cars climbed 1.9 percent to 314,000 units.

Electric vehicle sales jumped 115% to 100,000 units. The United States, China, Germany, France and the United Kingdom reached the milestone of 100,000 electric vehicle sales units in 2020. Korea and Norway joined them in 2021.

Used car transactions edged down 0.1% to 3,872,000. Transactions under company names rose 3.3% to 2,572,000, while person-to-person trade fell 6 .1% to 1,300,000.

By Lee Jong-hyuk and Lee Ha-yeon

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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