In total there were 1,515,000 units of environmentally friendly cars, including full electric and hybrid vehicles, registered at the end of October, or a jump of 38.3 percent this year.
“This comes just one year and three months after the country saw the number of environmentally friendly vehicles exceed 1 million in July 2021,” according to the South Korean Ministry of Agrarian, Infrastructure and Transport, quoted from The Korea Herald, Monday (21/11/2022).
Data from the South Korean Ministry of Agrarian, Infrastructure and Transportation show that environmentally friendly vehicles currently account for up to 5.96 percent of cars registered in the State of Ginseng, an increase from 4.65 percent last year.
Among the environmentally friendly cars listed, hybrid vehicles are the biggest contributor with 1,121,000 units, followed by electric vehicles with 365,000 units and hydrogen-powered cars with 27,000 units.
The number of registered electric vehicles saw the biggest jump with 72.7 percent on year in October due to strong global demand for green cars.
South Korea’s Ministry of Agrarian, Infrastructure and Transport hopes that with the rapid growth in the number of eco-friendly cars, the country is likely to reach its goal of having 2.83 million eco-friendly cars by 2025.
Meanwhile, the number of gasoline-powered cars registered experienced a modest growth of 2.7 percent over the past year, with a total of 12,013,000 registered units.
In contrast, the number of registered diesel cars and LPG-powered cars fell 1.1 percent and 1.9 percent in October compared to the same month last year to 9,779,000 diesel cars and 1,913,000 LPG-powered cars, respectively.