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Significant Increase in New Energy Vehicle Registrations in South Korea Due to High Oil Prices

Significant Increase in New Energy Vehicle Registrations in South Korea Due to High Oil Prices

汇通财经汇通财经2026/05/26 06:48
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Due to energy supply shortages caused by conflicts in the Middle East, oil prices in South Korea have risen, leading more consumers to turn their attention to new energy vehicles. The Korea Automobile Mobility Industry Association recently released the latest data showing that as of the end of April, the registration of new energy vehicles such as hybrid and pure electric vehicles in the country has increased significantly year-on-year. In South Korea, hybrid vehicles are classified as a broad category of new energy vehicles. According to a report by Korea Business Newswire on the 25th, data from the Korea Automobile Mobility Industry Association shows that as of the end of April, the number of registered hybrid vehicles in South Korea reached 2.73 million, an increase of 24.2% year-on-year. Hybrid vehicles account for 10.2% of all registered vehicles, maintaining a level above 10% for two consecutive months. Pure electric vehicles have also experienced strong growth, with registrations increasing nearly 40% year-on-year to 1.02 million. This marks the era where South Korea's electric vehicle registrations have surpassed 1 million. (Xinhua News Agency)
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路透社•2026/10/09 13:19
Interpretation - What is the low-frequency spectrum obtained by SpaceX for Starlink Mobile?