Korea Lags Behind in Electric Vehicles

      July 15, 2015 11:14

      Norway has the highest penetration of eco-friendly cars, with plug-in electric vehicles and plug-in hybrid vehicles accounting for 33.1 percent of its total market, market researcher IHS Automotive said Tuesday.

      A total of 8,112 EVs were registered in Norway in the first quarter of this year, up 41 percent from the same period a year ago.

      The top-selling model is the Volkswagen e-Golf. IHS said Norway, despite being an oil producer, has such a high number of eco-friendly cars because of a wide range of incentives like tariff exemptions for imports.

      The Netherlands had the second-highest market share of green cars followed by the U.K., U.S. and France.

      In terms of the sheer number of registered EVs the U.S. ranked first with 14,832 vehicles. The most popular is the Tesla Model S. China came second with 12,055 EVs.

      Korea was not included on either list. The Ministry of Trade, Industry and Energy said there were just 3,400 registered EVs in Korea as of late last year or 0.5 percent of all registered EVs in the world.

      Experts say the EV market is sluggish in Korea because of a shortage of recharging stations, weak incentives and a lack of locally produced models.

      Prof. Kim Pil-soo of Daelim University said, "The U.S. and other advanced countries have come up with various incentives and perks to gain an upper hand in the upcoming EV era, while China, whose technology lags behind Korea's behind us, is catching up at a frightening speed. But Korea is still sitting on its hands.

      • Copyright © Chosunilbo & Chosun.com
      Previous Next
      All Headlines Back to Top