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Sunday 6 November 2016

Korea - ranks 5th in global eco-friendly car market: ARIRANG NEWS

Published on Nov 6, 2016
지난해 세계 친환경차 시장 10%성장, 한국 5위
Korean automakers appear to be doing well when it comes to going green.

Data compiled by the Korea Automobile Manufacturers Association show Korea had the world's fifth-largest eco-friendly auto market last year, despite its relatively small size overall.

Some 42-thousand green cars such as hybrid and electric vehicles were sold in the country last year, meaning a more than 17-percent jump from the year prior.

But the figure accounts for a mere 1-point-8 percent of the combined 2-point-3 million such automobiles sold worldwide in 2015.

Seoul has a long way to go to catch up to Tokyo, which leads the pack at more than 890-thousand units.
Though green vehicles make up barely 1 percent of all registered vehicles in Korea, analysts predict that number will increase drastically, especially with the strong governmetn backing.

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