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South Korea's EV sales up nearly 50 pc in Jan-Aug period

Seoul, Sep 8

Sales of electric vehicles (EVs) in South Korea jumped nearly 50 per cent from a year earlier in the first eight months of the year, helped by the release of new models, data showed on Monday.

According to data from the Korea Automobile & Mobility Association (KAMA), accumulated sales of EVs during the January-August period came to 142,456 units, compared with 95,988 units tallied last year, reports news agency.

EVs accounted for 12.7 percent of all cars newly registered in South Korea during the cited period, up 3.8 percentage points from the same period last year, according to KAMA.

The association attributed the sharp increase to the release of new models, including the launch of Tesla's Model Y in May, with Hyundai Motor and its sister company Kia, introducing more affordable EVs as well.

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