April 25, 2024
Automobiles
EV Q1 sales soar in Korea
[THE INVESTOR] Electric vehicle sales in Korea posted a nearly ninefold jump in the first quarter, industry associations said on May 15.
Carmakers sold a combined 1,729 electric vehicles in the January-March period, soaring from 193 a year earlier, according to data offered by the Korea Automobile Manufacturers Association and the Korea Automobile Importers and Distributors Association.
The local electric car market looks pale before three big automobile markets such as China, Europe and the US in terms of size. But its pace of growth overwhelmed the major car markets in the first quarter of the year.
Reasonable purchasing prices and the government‘s increased efforts to beef up charging infrastructure are expected to further boost sales of electric vehicles.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Carmakers sold a combined 1,729 electric vehicles in the January-March period, soaring from 193 a year earlier, according to data offered by the Korea Automobile Manufacturers Association and the Korea Automobile Importers and Distributors Association.
The local electric car market looks pale before three big automobile markets such as China, Europe and the US in terms of size. But its pace of growth overwhelmed the major car markets in the first quarter of the year.
Reasonable purchasing prices and the government‘s increased efforts to beef up charging infrastructure are expected to further boost sales of electric vehicles.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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