South Korea – Year 2024

New passenger car registrations

1,625,542

▲ +19% YoY

Total registrations

9.4%

▼ -9% YoY

Plug-in vehicles ?

39.8%

▲ +19.4% YoY

Electrified vehicles ?

BEV

143,118 veh. ▼ -8.7% YoY

PHEV

9,174 veh. ▼ -12.6% YoY

HEV

494,478 veh. ▲ +32.1% YoY

ICE

976,021 veh. ▼ -19.6% YoY

Annual registrations by powertrain

Share of registrations by powertrain

  • BEV (143,118)
  • Plug-in hybrid (9,174)
  • Hybrid (494,478)
  • Hydrogen (2,751)
  • ICE (976,021)

Source: Ministry of Trade, Industry and Resources