韩电动汽车注册量创新高

Core Insights - In August 2023, South Korea registered 126,800 new vehicles, with electric vehicles (EVs) accounting for 23,300 units, representing a record high of 18.4% of total new car sales [1] - The cumulative market share of EVs from January to August 2023 reached 12.7%, with expectations for the annual share to exceed 10% for the first time [1] - The market share of EVs was only 2.4% in 2020, and it has shown a significant upward trend in 2023, contrasting with the stable rates of around 9% in 2023 and 2024 [1] Electric Vehicle Market Dynamics - The imported vehicle market shows even higher enthusiasm for EVs, with 10,900 imported EVs registered in August, making up 39.9% of total imports, which is four times that of gasoline vehicles [1] - Since May 2023, the share of imported EVs has rapidly increased, reaching 32.8% in June and 37.6% in July, with a cumulative share of 27.8% for the year [1] - Industry experts believe that the South Korean EV market is moving beyond the "gulf period," with total sales expected to surpass 200,000 units for the first time, as 142,000 units have already been registered from January to August [1] Competitive Landscape - The entry of emerging brands like China's BYD is increasing the supply of high-cost performance models in the market [1] - Experts indicate that the introduction of new models and competitive pricing are accelerating the adoption of EVs in South Korea, aligning with trends observed in the European market [1]