City
Epaper

S Korean carmakers' sales of eco-friendly models hit fresh high in 2024

By ANI | Updated: January 5, 2025 14:40 IST

Seoul [South Korea], January 5 (ANI/WAM): South Korean carmakers' domestic sales of eco-friendly cars hit a new record last ...

Open in App

Seoul [South Korea], January 5 (ANI/WAM): South Korean carmakers' domestic sales of eco-friendly cars hit a new record last year, driven by the popularity of hybrid models, data showed Sunday, Yonhap News Agency reported.

The country's five carmakers recorded eco-friendly car sales of 450,194 units last year, up 11.3 per cent on-year, according to separate data from Hyundai Motor, Kia, GM Korea, KG Mobility and Renault Korea Motors.

Of the total, hybrid models accounted for 356,058 units, up 25 per cent from a year earlier, taking up 88 per cent of total eco-friendly car sales.

Sales of electric vehicles, on the other hand, dropped 21.2 per cent to 91,385 units in 2024, the data showed.

Domestic sales of hydrogen fuel cell cars also plunged 36.4 per cent to just 2,751 units.

"Despite the sluggish sales of electric vehicles, demand for eco-friendly cars remained solid, fuelled by the soaring sales of hybrid models," an official of the automotive industry said. (ANI/WAM)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

TechnologyUS tariffs: This is how Indian textile and apparel industry can offset losses

EntertainmentAvneet Kaur visits Lal Baugcha Raja: Feeling so blessed

BusinessUS tariffs: This is how Indian textile and apparel industry can offset losses

NationalBJP accuses MVA leaders of ignoring Maratha community, playing politics

HealthPE‑22‑28 Peptide: A Compact Modulator with Promising Research Implication

International Realted Stories

InternationalBrawl in Mexican Senate after debate on US military intervention

InternationalSouth Korea: Special counsel indicts ex-PM Han on charges of abetting martial law attempt

InternationalArgentine president dismisses corruption charges as political smear campaign

InternationalSouth Korean President Lee calls for cooperation between unions, companies over new labour law

InternationalPM Modi presents 5-point roadmap to deepen India-Japan bilateral cooperation