Hyundai sees electric vehicle sales drop

Korea’s largest automaker Hyundai Motor is lagging far behind its foreign rivals in the global electric vehicle market.

Automotive industry portal MarkLines says over 60,000 electric vehicles were sold worldwide from January to June, a 40 per cent increase from the same period last year. Hyundai accounted for only a tiny 0.2 per cent of this market.

Its subsidiary Kia Motors sold just 139 units of the Ray, Korea’s first electric vehicle, in the first half of this year.

The biggest seller in the global EV market in the six month period was the Nissan Leaf, with sales of over 24,000 units, or 40 per cent of global EV sales. This was followed by Tesla Motors’ Model S, BMW’s i3 and Renault’s Zoe.

Did you find this article useful? Help us keep our journalism free to read.

We have a team of journalists dedicated to providing independent, well-researched stories from around the region on the topics that matter to you. Consider supporting our brand of purposeful journalism with a donation and keep Eco-Business free for all to read. Thank you.

Most popular

Featured Events

Publish your event
leaf background pattern

Transforming Innovation for Sustainability Join the Ecosystem →

Strategic Organisations

Reneum
Danfoss
Trucost
ESG Book
Olam
City Developments Ltd