H. Yoo
Research expert covering South Korea
Electric vehicles in South Korea - statistics and facts
South Korea is steadily shifting toward electric mobility. Amidst concerns about the looming climate crisis, South Korean automakers and battery producers are working in hand with the government to accelerate the adoption of electric vehicles (EVs). As one of the leaders of the global automobile market, South Korea aims to increase the domestic market share of electric vehicles and supply 4.5 million units by 2030, with a focus on environmentally friendly vehicles. Domestic brand Hyundai Motor Company exports EV models to many countries and continues to work on its electric fleet alongside other South Korean car manufacturers.
