Sales of Electric Vehicles Soar Past 10,000

  • By Kim Seong-min

    November 14, 2017 12:41

    More than 10,000 electric vehicles have been sold in Korea so far this year, the most ever.

    According to sales data released Monday by the Korea Automobile Importers and Distributors Association, some 10,075 electric cars were sold between January and October.

    Sales of electric vehicles started to take off in 2015, when some 2,917 EVs were sold, marking a dramatic increase from a mere 16 in 2010. Last year some 5,099 EVs were sold.

    The best-selling model was Hyundai's Ioniq with 6,203 units, accounting for 61.6 percent of the market, followed by Renault Samsung's SM3, Kia's Soul and GM Korea's Chevrolet Bolt.

    The increase in sales is mostly attributed to a range of government subsidies and other tax breaks of up to W20 million per vehicle (US$1=W1,122).

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