The Korean car industry has been seeing some major changes as the world is now asking for some very environment efficient and environment friendly vehicles, and we think that the auto industry of Korea has identified this and has been working in this direction and has been developing some amazing new energy vehicles that have been changing the situation and have been pushing the sales of the Korean auto industry.
There has been some amazing progress in the new energy vehicles in the nation, and there has been an amazing rise in the number of new energy vehicles that the Korean auto industry has been exporting. Exports of electric, hybrid and fuel-cell vehicles increased 8% to more than 23,500 (a slight decrease from the 24,808 NEVs sold in September this year). For the first ten months of 2019, South Korea exported more than 120,000 alternative propulsion vehicles, double the previous year, with the majority shipped to North America. The rise of popularity in hydrogen-powered vehicles has been the major factor that has been driving the growth of sales in the new energy vehicles, so we are expecting to see some major changes in the auto industry as the popularity of these vehicles rises.
So the Korean auto industry has a lot of potential in the future as it has already prepared the infrastructure required to build future vehicles and that too in a very impressive way. So let’s see the situation of the auto industry in the future.
Tags : NEVs, Korea ,