South Korea's EV sales surpassed 500,000 by end of 2023, led by Hyundai Motor Co.'s Ioniq 5.

South Korea's electric vehicle (EV) sales reached 543,900 by end of 2023, surpassing 500,000 mark, according to industry data from the Korea Automobile Manufacturers Association and the transport ministry. The number of EV chargers installed in the country also topped 300,000, growing 48.8% from 2022. Hyundai Motor Co.'s Ioniq 5 had the highest number of registrations with 70,756 units.

April 02, 2024
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