South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with 499,854 units a year earlier, according to the data by the Korea Automobile and Mobility Association.
The number for the entire 2023 is expected to surpass 700,000 for the first time ever, officials said, YONHAP reported.
Last year, the export volume of eco-friendly cars reached a record high of 554,000, and the value also hit an all-time high of US$1.61 million.—The Gulf Observer
