The cumulative variety of hybrid autos registered in Korea surpassed 2 million for the primary time final 12 months, authorities knowledge confirmed Tuesday.
The entire variety of registered hybrid autos within the nation reached 2,024,481 as of the tip of 2024, exceeding the two million mark for the primary time, in response to the info from the transport ministry.
An annual document of 482,349 items have been registered final 12 months alone, considerably contributing to the milestone.
Hybrid autos have been first launched in Korea in 2008. Since then, cumulative registrations have grown steadily, surpassing 500,000 in 2019, 1 million in 2022 and 1.5 million in 2023.
The rise within the variety of hybrid vehicles has additionally contributed to a rise within the proportion of eco-friendly autos, which additionally embody electrical autos (EVs) and hydrogen gasoline cell autos.
The cumulative variety of eco-friendly autos totaled 2,746,000 items as of end-2024, accounting for 10.4 % of all registered vehicles within the nation.
“With the EV market dealing with a transitional interval and adjustments in U.S. automotive insurance policies, hybrid autos are anticipated to keep up robust demand for the following two to 3 years,” an trade observer stated. (Yonhap)
