Hybrid vehicle registrations in Korea surpass 2 mil. units

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This photo shows Renault Korea's public event after completing the transition of its production line earlier this year from an internal combustion engine-focused system to a mixed-production line capable of manufacturing electric vehicles held in Busan, Feb. 18. Yonhap

This photo shows Renault Korea's public event after completing the transition of its production line earlier this year from an internal combustion engine-focused system to a mixed-production line capable of manufacturing electric vehicles held in Busan, Feb. 18. Yonhap

The cumulative number of hybrid vehicles registered in Korea surpassed 2 million for the first time last year, government data showed Tuesday.

The total number of registered hybrid vehicles in the country reached 2,024,481 as of the end of 2024, exceeding the 2 million mark for the first time, according to the data from the transport ministry.

An annual record of 482,349 units were registered last year alone, significantly contributing to the milestone.

Hybrid vehicles were first introduced 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 in the number of hybrid cars has also contributed to an increase in the proportion of eco-friendly vehicles, which also include electric vehicles (EVs) and hydrogen fuel cell vehicles.

The cumulative number of eco-friendly vehicles totaled 2,746,000 units as of end-2024, accounting for 10.4 percent of all registered cars in the country.

"With the EV market facing a transitional period and changes in U.S. automotive policies, hybrid vehicles are expected to maintain strong demand for the next two to three years," an industry observer said. (Yonhap)

Source: koreatimes.co.kr
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