Hyundai Group sold 350,000 “green” vehicles in 2019

19. November 2020

According to a report by the Korean Automobile Manufacturers Association (KAMA), a total of 5.27 million vehicles with alternative drive systems were sold worldwide. Alternative drives include fuel cells, plug-in hybrids and hybrid vehicles as well as battery-powered electric vehicles. The sales figures for these vehicles rose by 14.4 percent to a new record high in 2019. Hybrid vehicles accounted for the lion’s share of these sales, at 3.17 million, an increase of 20 percent. Their sales figure and year-on-year increase is the highest since 2015. 2.1 million battery-powered electric cars were sold, 6.1 percent more than in the previous year. According to analysts, there was weaker demand in this segment due to the withdrawal of subsidies for electric vehicles in China.

 

 

By manufacturer brand, Toyota leads the way with a share of 37 percent or 1.98 million vehicles, an increase of 17.9 percent over the previous year. The Japanese company accounts for around 60 percent of global sales of hybrid vehicles or 1.92 million units. Tesla is in second place with 460,000 vehicles and an increase of 80.3 percent, Honda is in third place with 390,000 vehicles and an increase of 27.4 percent. Hyundai and Kia, which are based in South Korea, are in fourth place worldwide with 350,000 vehicles sold with alternative drive systems, an increase of 25.1 percent over the previous year. Broken down into individual vehicle categories, the Hyundai Group has sold 220,000 hybrid vehicles and 130,000 battery-powered vehicles. Compared to the previous year, sales figures rose by 32.7 and 14.5 percent respectively.

Looking at battery-powered electric vehicles, Tesla is the market leader for the second year in a row, followed by BYD from China, followed by BMW, Hyundai and Kia. The global sales markets for electric vehicles, broken down by region, show an enormous increase of 51.1 percent over the previous year in Europe, with 1.5 million vehicles sold. China follows in second place with 1.31 million and a plus of 7.6 percent. The decline in China is due to the discontinuation or reduction of subsidies for electric cars. In third place is Japan with 1.14 million vehicles and a slight increase of 0.5 percent.

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