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You are at:Home » The unit price of Korean export cars will fall for the first time in eight years, et Auto
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The unit price of Korean export cars will fall for the first time in eight years, et Auto

Adnan MaharBy Adnan MaharJanuary 26, 2025No Comments3 Mins Read0 Views
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<p>The movement is to activate domestic demand in EVs, according to trade, industries, and energy Ministry of Energy. “/><figcaption class=The movement is to revitalize EV domestic demand in the slowdown in sales and lack of access to the charging station, according to the trade industry and the Ministry of Energy.

Data indicated on Sunday that last year’s unit price of export vehicles in South Korea had fallen for the first time in eight years while the sale of electric vehicles (EVs) declined for a long time.

According to data by the Korean Automobile Manufacturers Association (KAMA), South Korea exported 2.78 million vehicles last year, equivalent to $ 64.1 billion.

The average export price per unit is $ 23,048, and YONHAP news agencies have reported that the US $ 221 has decreased from the previous year.

This is the first decline since 2016, when the unit price was $ 14,264. In the past few years, the unit price has shown a certain growth, and in 2023 it has peaked in the backdrop of expensive EVs in US $ 23,369.

However, the recent decline is accused of reducing global demand for environmentally friendly cars during the so -called EV cham, which is a transition period before the extensive recruitment of the EV.

Exports of environmentally friendly cars have steadily rising to $ 421 billion in 2018 to $ 234.8 billion in 2023, but last year decreased to $ 22.43 billion.

In particular, the overseas sales of EVS drapted 26.6 % a year to 254,000.

“In recent years, the rise in unit prices for vehicle exports has been greatly influenced by the increase in the demand for automobiles that are friendly to EVs,” said the industry insider. “The cracks of the EV export have decreased in combination with the confusion of production caused by heavy snow last year.”

Meanwhile, the Ministry of Industry said that this year will spend 1.5 trillion won ($ 1.5 trillion) to guide consumers to purchase electric vehicles (EVs).

The movement is to revitalize EV domestic demand in the slowdown in sales and lack of access to the charging station, according to the trade industry and the Ministry of Energy.

In YONHAP NEWS AGENCY, the cumulative EV and hydrogen fuel cell cars account for 720,000, and the EVS accounts for 680,000, as EVS accounts for 680,000.

Domestic EV sales decreased by 9.7 % in 2024 to 147,000, decreasing for the second consecutive year.

Published at 12:47 pm on January 26, 2025

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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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