16 Jul 2019, Gergana Bencheva, EMIS Editor
South Korea’s exports of eco-friendly vehicles grow 33% per year since 2012
In 2018 alone, local carmakers exported 196,000 eco-friendly units while seven years earlier their count stood at 35,000 units. Also, last year, eco-friendly cars accounted for 8% of South Korea's overall vehicle exports.
According to KAMA, the global demand for such cars was boosted by increased subsidies and tax benefits. Furthermore, research firm IHS Markit’s forecast is that half of the vehicles sold in 2030 would be eco-friendly, Yonhap News noted.
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