SEOUL, November 16 (AJP) - The number of registered electric vehicles in South Korea have exceeded over 200,000 units this year, the Ministry of Climate, Energy, and Environment said on Sunday.
According to the ministry, 200,650 electric vehicles have been registered so far this year, surpassing the previous record of 164,486 set in 2022.
The government's efforts to promote electric vehicles have driven sales from 100,000 units in 2021 to over 200,000 units in just four years. Passenger cars account for 172,309 units, followed by 25,723 trucks, 2,483 uses, and 23 special-purpose vehicles.
Domestic brands make up 54.7 percent of passenger cars, 63.7 percent of buses, and 92.7 percent of trucks, partly boosted by the release of Hyundai's new Nexo model.
The cumulative number of electric and hydrogen vehicles is around 950,000, with projections to reach 1 million early next year.
The ministry attributed the growth to subsidies for buyers of eco-friendly cars, along with the release of new models and the expansion of charging facilities.
Encouraged by this, the government plans to further promote electric vehicles to help achieve its greenhouse gas reduction target by 2035.
"Our goal is for electric and hydrogen vehicles to make up more than 40 percent of new vehicles by 2030 and 70 percent by 2035," said Minister Kim Sung-hwan. "We will support the automotive industry to remain competitive while helping create more job opportunities."
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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