South Korea has reported a significant rise in electric vehicle (EV) sales, fueled by government subsidies and increased consumer awareness. Data from the Ministry of Trade, Industry, and Energy shows a 60% year-on-year increase in EV registrations.
The government offers generous financial incentives for EV buyers, alongside investments in charging infrastructure. Major South Korean automakers like Hyundai and Kia have also expanded their EV lineups, introducing affordable models with improved battery ranges.
Environmental groups have praised the shift toward clean transportation, highlighting its contribution to reducing carbon emissions. Analysts predict continued growth in the EV market as battery technology advances and charging networks expand.