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Exports of eco-friendly vehicles in November were USD 1.23 billion… all-time high

Exports of eco-friendly vehicles in November were USD 1.23 billion… all-time high

Exports of eco-friendly vehicles in November reached an all-time high of 1.23 billion dollars. The cumulative export of eco-friendly vehicles also surpassed $10 billion for the first time in history.

According to the ‘Monthly Trend of the Automobile Industry in November’ announced by the Ministry of Trade, Industry and Energy on the 15th, eco-friendly car exports last month increased 76.2% to 44,178 units from the same period last year, and domestic demand increased by 20.2% to 33,869 units. done. Both exports and domestic demand increased for 11 consecutive months.

The cumulative number of units sold was 361,662 units for export and 307,33 units for domestic consumption. Last year’s cumulative sales exceeded 273,327 for export and 227,89 for domestic sales.

Exports recorded 44,178 units, up 76.2% from the same period last year. As a result, exports rose 64.8% to $1.23 billion, a record high in both volume and value.

The number of exports by fuel was 22,616 hybrid vehicles (105.1%↑), 17,793 electric vehicles (54.8%↑), 3,688 PHEVs (45.3%↑), and 81 hydrogen vehicles (575.0%). was counted as

An official from the Ministry of Industry and Commerce explained, “Hybrid and electric vehicles recorded the highest monthly exports, contributing to an increase in the total number of exports.

By model, Ioniq 5 (6,900 units), Niro EV (5,588 units), XM3 Hybrid (5,31 units), Niro Hybrid (4,573 units), Tucson Hybrid (4,189 units) were exported. drove the increase.

Exports reached $1.23 billion, up 68.4% from last year, and surpassed $1 billion for three months in a row.

Exports by fuel were $620 million (15.1%) for electric/hydrogen electric vehicles, $490 million (11.9%) for hybrids, and $120 million (3.0%) for PHEVs.

Exports of electric and hydrogen electric vehicles reached an all-time high thanks to the effect of new vehicles, contributing to an increase in overall eco-friendly vehicle exports.

The cumulative export of eco-friendly vehicles also surpassed $10 billion for the first time in history.

Eco-friendly vehicle exports accounted for 25.7% of total automobile exports and 29.9% of exports. The proportion of eco-friendly car exports increased to 13.9% in November 2019, 13.9% in November 2020, and 25.7% in November 2021.

The proportion of exports also rose to 17.1% in November 2019, 18.4% in November 2020, and 29.9% in November 2021.

Domestic demand increased for the 22nd consecutive month. This is thanks to the fact that electric vehicles sold more than 10,000 units for four consecutive months, driving the overall sales of eco-friendly vehicles.

The number of units sold last month was 33,869 units, up 20.2% from the same period last year.

The model that sold the most was the Sorento Hybrid (2,398 units), the Grandeur Hybrid (2,336 units), the Ioniq 5 (2,228 units), the EV6 (2,202 units), and the Sportage Hybrid (1,908 units) followed.

The number of units sold by fuel was 21,582 hybrids (4.5%↓), 1602 electric vehicles (205.1%↑), 865 hydrogen vehicles (137.0%↑), and 820 PHEVs (52.7%↓).

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The number of electric vehicles more than tripled from last year, exceeding 10,000 units for four months in a row. The Ministry of Industry and Trade analyzed that the strong sales of new cars using an electric vehicle-only platform and the effect of creating demand from model diversification such as the GV60 and G80e were at work.

Eco-friendly vehicles accounted for 23.6% (7.1%p↑) of total automobile sales in the domestic market. The proportion of domestic sales is continuously increasing to 8.7% in November 2019, 16.5% in November 2020, and 23.6% in November 2021.