According to Hyundai, this condition is driven by the popularity of environmentally friendly cars or electric cars.
According to the European Association of Automobile Manufacturers (ACEA), the two South Korean automakers sold a combined 12,161 electric cars in Europe in February 2022, up 80.8 percent from a year earlier.
Overall, Hyundai sold 37,032 cars in the European market in February, an increase of 25.5 percent compared to 2021. Meanwhile, Kia’s sales increased by 24.8 percent by selling 39,149 units. Combined, the car sales of the two sister companies rose 25.1 percent.
Car sales growth was also driven by sales in the passenger car segment, which rose 2.3 to 9.5 percent in February 2022. Hyundai accounted for 4.6 percent of the market share and Kia’s 4.9 percent.