Sales of eco-cars in South Korea pass 200,000 mark

The number of eco-friendly vehicles sold in South Korea passed the important 200,000-unit mark for the first time in September, Pulsenews reports. Thanks to generous government subsidies and infrastructure expansion, electric vehicles now account for 15 per cent of all newly registered passenger cars. According to data analysed by local market tracker Car is You Data Research, the number of newly registered electric vehicles between January and September is 202,536 units. The total share of EVs measured by registration figures is 15.6 per cent, an increase of 4.7 per cent compared to the same period last year. This is the highest share to date since the first electric car was launched in 2013. The total number of EVs reached 100,000 in May 2020. For the production of eco cars, the import of materials, components and equipment is very important. In this regard, most products must undergo KC certification in order to be approved for the Korean market.

Sales figures for each category, hybrids and pure EVs were 133,513 and 69,023 respectively at the end of September, up 31.5 and 94 per cent year-on-year. The most popular brand for EVs in South Korea was Hyundai with 76,786 vehicles sold followed by Kia with 75,533. Imported vehicles from different manufacturers such as Mercedes-Benz, BMW and Volvo were together around 10,000 vehicles. Experts expect sales figures to increase further in the coming months as manufacturers launch numerous new models in the fourth quarter. Analysts attribute the rise in EV sales largely to generous government subsidies for environmentally friendly vehicles and increased investment by carmakers to build more charging stations.

South Korea is considered one of the most important and innovative industrial nations in the world. To gain market access to this highly technological country, products imported into South Korea must be tested and certified. The KC mark or certificate is roughly equivalent to the European CE mark and applies to 730 different products. MPR International GmbH has solid experience in Korea certification and competent local partners. We will be pleased to advise you without obligation about the scope and procedure of a Korea certification.

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Julian Busch

About the author: Julian Busch is the founder and managing director of MPR International GmbH

Publisher: MPR International GmbH

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