Electric car sales in Korea shoot up as driving range grows
In this article (5)
For years, Korea’s electric car market lagged behind that of other countries due to a lack of charging infrastructure and few appealing models.
This year marks a turning point, as sales of electric vehicles (EV) grew by more than 150 percent in the first half of 2018 when compared to 2017.
According to data from Korea’s four domestic carmakers and the Korea Automobile Importers & Distributors Association released on Sunday, 11,866 pure electric vehicles were sold from January to June this year. This is 168.9 percent more than the first half of last year, when 4,412 electric cars were sold in Korea.
Hyundai Motor sold 4,488 of its Ioniq Electric cars, making it the year’s most popular model. It was followed by GM Korea’s Bolt EV.
The Bolt EV launched in Korea last year, and GM Korea sold a total of 3,122 of the cars in the first half of this year.
The electric version of Hyundai Motor’s small Kona SUV, which only launched in May, took the third spot with 1,380 vehicles sold.
The top three EV models this year all have batteries that provide for long ranges.
The Ioniq Electric, the oldest of the three, can travel 200 kilometers (124 miles) per charge, a slight upgrade from its previous version, which ran out of juice after 191 kilometers.
“This is 168.9 percent more than the first half of last year, when 4,412 electric cars were sold in Korea.”
GM Korea’s Bolt EV, a rising star in the Korean EV industry, can travel about 380 kilometers. The Kona Electric has the longest range of the top three at 400 kilometers.
According to Hyundai Motor, about 15,000 sales of the Kona EV have not yet been reflected in the data.
Kia Motors’ Soul EV followed in fourth place, with 1,139 cars sold, which is 80.2 percent more than the first half of 2017.
Renault Samsung Motors is aiming at a niche market with its electric cars. Its electric SM3 Z.E. sold 630 units in the first half. The Korean unit of French auto giant Renault Group is targeting taxi companies by providing an extra discount for SM3 Z.E.s sold as taxi vehicles.
It also launched a micro EV, the Twizy, last year, which sold 984 units so far this year.
BMW upgraded the driving distance of its i3 by 50 percent last year to 208 kilometers. The company sold 115 i3s last year, 173.8 percent more than the first half of 2017.
The EV market in Korea is expected to grow further later this year after Kia Motors’ launches its electric Niro SUV, which will be able to travel more than 380 kilometers per charge, and Jaguar’s I-Pace, which will have a range of 480 kilometers per charge.
Questions & Answers
Q.Which electric car model was the most popular in Korea during the first half of 2018?
Which electric car model was the most popular in Korea during the first half of 2018?
Hyundai Motor's Ioniq Electric was the most popular model, with 4,488 units sold. It achieved this sales figure during the first six months of 2018.
Q.How much did pure electric vehicle sales increase in Korea during the first half of 2018 compared to the previous year?
How much did pure electric vehicle sales increase in Korea during the first half of 2018 compared to the previous year?
Sales of pure electric vehicles grew by 168.9 percent in the first half of 2018, with 11,866 units sold. This was a significant increase from the 4,412 cars sold in the same period of 2017.
Q.Which new electric car model, launched in May, secured a top spot in sales figures?
Which new electric car model, launched in May, secured a top spot in sales figures?
Hyundai Motor’s Kona Electric, which launched in May, took the third spot for sales. This model sold 1,380 vehicles in the first half of the year, despite its late launch.
Q.What is Renault Samsung Motors' strategy for selling its SM3 Z.E. Electric cars in Korea?
What is Renault Samsung Motors' strategy for selling its SM3 Z.E. Electric cars in Korea?
Renault Samsung Motors is targeting taxi companies with its SM3 Z.E. Electric cars. They provide an extra discount for units sold as taxi vehicles to capture this niche market.
Reader pulse
Is this EV growth sustainable?
23,753 votes so far