The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and EVs accounted for a record 81 per cent of the total.
Why it Matters
- In April, hybrids and EVs made up a record 81% of all imported car sales in South Korea, with hybrids alone accounting for 63.7%.
- BMW remained the top-selling imported brand in both February and April, with the 5 Series among the most popular models.
In terms of fuel types, hybrid registrations totalled 13,013 units, or 64.4 per cent of all new imported cars. Electric, gasoline and diesel model registrations followed at 18.6 per cent, 16 per cent and 1 per cent, respectively.“>
Seoul, The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 per cent of the total, industry data showed on Thursday.
In terms of fuel types, hybrid registrations totalled 13,013 units, or 64.4 per cent of all new imported cars.“>
According to the Korea Automobile Importers and Distributors Association (KAIDA), a total of 21,495 imported cars were newly registered in April, down 0.3 per cent from a year ago. Seoul, The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 per cent of the total, industry data showed on Thursday. According to the Korea Automobile Importers and Distributors Association (KAIDA), a total of 21,495 imported cars were newly registered in April, down 0.3 per cent from a year ago.
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KAIDA attributed the decrease to price hikes and inventory shortages for certain brands, reports Yonhap news agency.
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KAIDA attributed the decrease to price hikes and inventory shortages for certain brands, reports Yonhap news agency.
By brand, BMW retained the top spot with 6,710 units sold, followed by Mercedes-Benz, Tesla and Lexus, with 4,908, 1,447 and 1,353 units, respectively.
South Korea’s appetite for eco-friendly mobility is accelerating, with hybrids and EVs dominating imported car sales in April.Industry expert
In terms of fuel type, hybrid vehicles led the sales, accounting for 63.7 per cent, followed by EVs and gasoline models, at 17.3 per cent and 17.1 per cent, respectively. Diesel models accounted for 1.9 per cent of total imports.
South Korea’s appetite for eco-friendly mobility is accelerating, with hybrids and EVs dominating imported car sales in April.Sitharaman
H2: Mercedes-Benz’s E-Class
KAIDA attributed the decrease to price hikes and inventory shortages for certain brands, reports Yonhap news agency.
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UK gets to sell 22,000 premium EVs in India
The India-UK FTA includes provisions for EV trade, with the UK gaining access to a quota for selling 22,000 high-value EVs at a 10% duty, while India gets a quota for low- and mid-range EV exports to Britain. India will lower automotive tariffs to 10% from the current duty of more than 100%.
H6: BMW was the most popular brand, selling 6,274 units, followed by Mercedes-Benz, which sold 4,663 units.
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