Key Points
Hybrid car sales increased by 25% in South Korea
Eco-friendly vehicle market sees overall 11.3% growth
Electric vehicle sales dropped significantly in 2024
Hydrogen fuel cell cars experienced sharp decline
The country's five carmakers recorded eco-friendly car sales of 450,194 units last year, up 11.3 per cent on-year, according to separate data from Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors.
Of the total, hybrid models accounted for 356,058 units, up 25 per cent from a year earlier, taking up 88 per cent of total eco-friendly car sales.
Sales of electric vehicles, on the other hand, dropped 21.2 per cent to 91,385 units in 2024, the data showed.
Domestic sales of hydrogen fuel cell cars also plunged 36.4 per cent to just 2,751 units.
"Despite the sluggish sales of electric vehicles, demand for eco-friendly cars remained solid, fuelled by the soaring sales of hybrid models," an official of the automotive industry said. (ANI/WAM)
