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South Korea's exports of electric vehicles shoot up 66 percent in 2020: report


Posted : 2021-01-31 11:39
Hyundai s KONA Electric. Courtesy of Hyundai Motor Company
South Korea s exports of electric vehicles (EVs) advanced nearly 66 percent on-year in 2020, data showed Sunday, despite the overall slump in the automobile industry amid the COVID-19 pandemic.
Outbound shipments of EVs came to US$3.9 billion in 2020, marking the first time for the volume to surpass that of hybrid cars, whose exports came to $2.5 billion last year, according to the data compiled by the Korea International Trade Association.
EVs accounted for more than half of the combined outbound shipments of eco-friendly cars, which were estimated at $7.1 billion.
Europe was the largest destination for South Korea s eco-friendly cars, taking up 68 percent of the total. ....

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