S Korean carmakers' sales of eco-friendly models hit fresh high in 2024
South Korean Carmakers Achieve Record Eco-Friendly Car Sales in 2024
In 2024, South Korean carmakers reached a new milestone in domestic sales of eco-friendly vehicles, largely due to the rising popularity of hybrid models. The country's five major car manufacturers—Hyundai Motor, Kia, GM Korea, KG Mobility, and Renault Korea Motors—sold a total of 450,194 eco-friendly cars, marking an 11.3% increase from the previous year.
Hybrid Models Lead the Way
Hybrid vehicles were the star performers, with sales reaching 356,058 units, a 25% increase from the previous year. These models made up 88% of the total eco-friendly car sales.
Decline in Electric and Hydrogen Cars
In contrast, sales of electric vehicles fell by 21.2% to 91,385 units. Hydrogen fuel cell cars also saw a significant drop, with sales decreasing by 36.4% to just 2,751 units.
An industry official noted that despite the decline in electric vehicle sales, the demand for eco-friendly cars remained strong, driven by the impressive sales of hybrid models.
Doubts Revealed
Eco-Friendly Cars
Eco-friendly cars are vehicles that are designed to have less harmful effects on the environment. They use alternative fuels or technologies, like electricity or hybrid engines, to reduce pollution.
Hybrid Models
Hybrid models are cars that use two types of power: a traditional petrol or diesel engine and an electric motor. This combination helps save fuel and reduce pollution.
Electric Vehicles
Electric vehicles, or EVs, are cars that run entirely on electricity. They don't use petrol or diesel, so they produce no pollution while driving.
Hydrogen Fuel Cell Cars
Hydrogen fuel cell cars use hydrogen gas to produce electricity, which powers the car. They only emit water vapor, making them very clean for the environment.
South Korean Carmakers
South Korean carmakers are companies from South Korea that manufacture cars. Some well-known ones are Hyundai and Kia.
Record Sales
Record sales mean the highest number of cars sold in a particular category or time period. In this case, it refers to the most eco-friendly cars sold by South Korean carmakers in 2024.
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