More than 1.5 million new energy vehicles have been registered in South Korea, an increase of 500000 in the past 15 months.

On November 21, according to foreign media reports, South Korea, which owns Hyundai Automobile Group, is also investing heavily in the wave of developing new energy vehicles. South Korea has planned to adopt various incentive measures to promote the development of electric vehicles and other new energy vehicles.

South Korea, which has made great efforts to develop new energy vehicles, is also becoming an important market for new energy vehicles. From the news announced by the South Korean side, the number of registrations of their new energy vehicles continues to increase significantly.

According to foreign media reports, South Korea's Ministry of Land and Transport disclosed on Sunday local time that the number of new energy vehicles registered in South Korea reached 1.515 million at the end of October, an increase of 38.3% over the same period last year.

Foreign media also mentioned in the report that the number of new energy vehicles registered in South Korea exceeded 500000 in April 2019, reaching 100 in July last year, from 1 million to 1.5 million, only 15 months apart, significantly shorter than that of 500000-1 million.

Among the new energy vehicles registered in South Korea, most are hybrid vehicles, with 1.121 million registered, accounting for nearly 74% of all new energy vehicles registered; 365000 pure electric vehicles, accounting for 24.1% of new energy vehicles registered; and 27000 hydrogen fuel cell vehicles registered.

Of all the 25.402 million cars registered in South Korea, the proportion of new energy vehicles increased to 5.96% in October and will continue to rise with the continuous increase in the number of registrations.