South Korea car electrification is booming, as both plug-in electric car and hydrogen fuel cell car sales noted all-time highs in March 2020.
The total number of new passenger plug-in car registrations amounted to a record of 5,641, which is 3.3% of the total volume.
Thanks to an exceptionally strong March, the first quarter has closed with 8,765 new registrations (two times more than a year ago), and at an average of 2.3% market share.
Moreover, some 1,230 hydrogen fuel cell Hyundai NEXO were registered in Q1, including a record of over 700 in March. That's a significant number for FCVs in relation to plug-ins and the overall market, probably not seen ever before anywhere globally.
Plug-in electric car sales in South Korea - March 2020
Two more interesting findings are:
- Hyundai NEXO - 1,230 in Q1 would be not far from #2 Hyundai Kona Electric
- BMW 530e is the top plug-in hybrid with 383 registrations