openPR Logo
Press release

South Korea Battery Electric Vehicle (BEV) Market Growth, Size, Share, Industry Report and Forecast 2019-2025

11-18-2020 10:38 AM CET | Logistics & Transport

Press release from: ORION MARKET RESEARCH

South Korea Battery Electric Vehicle (BEV) Market Growth, Size,

South Korea battery electric vehicle market is forecast to grow at a CAGR of more than 23.0% during the forecast period. Domestic companies have a major market share in the electric vehicle market in the country including Hyundai Motor Co., Kia Motors Corp., and Renault Samsung Motors. Government regulations are one of the major factors for the growth of the market in the country. The government of the country has set up an aim to reach electric car stock to 200,000 by the end of 2020. During 2012-2019, around 113,000 electric vehicles were sold in the country and around 95,000 more electric vehicles have to be sold in the country to reach the target by 2020. Out of the 95,000 electric vehicles, 65,000 will be passenger cars, 11,000 two-wheelers, 7,500 electric trucks, and 650 electric buses. The government has allocated around $945 million as a fund for subsidy for electric vehicles and charging infrastructure. Moreover, the country aims to sell 33% electric and hydrogen-based vehicles of all vehicles fleet by 2030.

Request a Free Sample of our South Korea Battery Electric Vehicle (BEV) Market:

The market is segmented on the basis of vehicle type and battery type. Based on vehicle type, the market is further divided into commercial vehicles, passenger cars, and others. The passenger vehicle market is projected to have a major market during the forecast period. On the basis of battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion battery BEVs segment is estimated to hold a major market share during the forecast period.

A full Report of South Korea Battery Electric Vehicle (BEV) Market is Available at:

South Korea Battery Electric Vehicle Market Segmentation

By Vehicle Type

• Passenger Car
• Commercial Vehicle
• Others

By Battery Type

• NiMH
• Li-Ion
• Others

Company Profiles

• General Motors Co.
• Hyundai Motor Co.
• Kia Motors Corp.
• Renault Samsung Motors
• Tesla, Inc.

For More Customized Data, Request for Report Customization @

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release South Korea Battery Electric Vehicle (BEV) Market Growth, Size, Share, Industry Report and Forecast 2019-2025 here

News-ID: 2189563 • Views: 192


Bioreactor Market Trends, Size, Competitive Analysis and Forecast 2021-2027
The global bioreactor market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2021-2027). The bioreactors are large vessels in which aerobic or anaerobic reactions take place and are used for growing organisms such as yeast, bacteria, or animal cells in a biologically active environment. With the growing life science industry globally, bioreactors are extensively being used in the production of monoclonal antibodies, recombinant therapeutics,
Germany Active Insulation Market Report 2021: By Key Players, Application, Size, …
Germany active insulation market is estimated to grow at a CAGR of 5.0% during the forecast period. As per the Destatis, turnover in the main construction industry increased by 11.0% in June 2020 compared to June 2019. This leads to increasing demand for active insulation products in the building and construction sector to reduce CO2 emissions and boost energy savings. Despite the COVID 19 pandemic, the German government continued its
European Active Insulation Market Size, Share, Impressive Industry Growth, Repor …
Europe active insulation market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising demand for sportswear is accelerating the demand for active insulation products in the region. In Europe, sportswear is rising strongly owing to the increasing trend towards more active and healthier lifestyles in all age groups. In Europe, fashion Sportswear is regarded as the major category in the Sportswear segment. UK, Germany,
Global DDI (DNS, DHCP and IP Address Management) Market Size, Industry Trends, S …
The DDI is a combination of DNS, DHCP, and IP Address Management (IPAM) solutions. These solutions significantly deliver quick and efficient management initiatives of numerous tasks, for DNS and DHCP service management and internet protocol address management over the internet network. The DNS, DHCP, and IP Address Management solutions serve as the dominant tools for management operations among various enterprises. The Global DDI (DNS, DHCP, and IP Address Management)

All 5 Releases

More Releases for Vehicle

Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Vehicle Detectors Market Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast