openPR Logo
Press release

South Korea Electric Car Market 2019-2025 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2025

02-10-2021 10:44 AM CET | Logistics & Transport

Press release from: Orion Market Research

The South Korea electric car market is anticipated to grow with a significant CAGR during the forecast period (2019-2025). The major factors that are driving the South Korean electric car industry include rising competition among EV makers, government subsidies, and rising demand for zero-emission vehicles.

The main electric cars in the country include Tesla Model 3, Hyundai Kona, and Kira Niro EV. Tesla is the market leader in the country where the car sales of the company jumped to more than 20,000 vehicles in 2019. Further, the country witnessed 23,379 electric car registrations. Which was 86% higher than the previous year? Further, the country is witnessing a surge in demand due to rising awareness about the advantages offered by electric cars.

(Get 15% Discount on Buying this Report)

A full report of South Korea Electric Car Market is available at: https://www.omrglobal.com/industry-reports/south-korea-electric-car-market

Moreover, the country is at forefront of battery production and other related electronic equipment, which is also a major factor that the cost of electric vehicles in the country is affordable, hence rising demand for electric cars can be observed in the coming years. The government of South Korea aims to electrify at least 33% of vehicles into electric by 2030, by coercing manufacturers to invest in electric vehicle technology to make them more efficient and cost-effective.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/south-korea-electric-car-market

Market Coverage

• The market number available for – 2018-2025
• Base year- 2019
• Forecast period- 2019-2025
• Segment Covered-
o Vehicle Type
o Propulsion Technology
o Battery Type
• Region Covered- South Korea
• Competitive Landscape- Honda Motor Co., Ltd., BMW AG, AB Volvo, Audi AG, Hyundai Motor Co.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

South Korea Electric Car Market Report Segment

By Vehicle Type

• Hatchback
• Sedan
• SUV

By Propulsion Technology

• Battery Electric Cars
• Plug-in Hybrid Electric Car

By Battery Type

• NiMH
• Li-Ion
• Others

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/south-korea-electric-car-market

Company Profiles

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

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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.

For More Information, Visit https://www.omrglobal.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Electric Car Market 2019-2025 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2025 here

News-ID: 2239623 • Views:

More Releases from Orion Market Research

Microfinance Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Microfinance Market Size, Trends, Latest Insights, Analysis and Forecast 2024-20 …
The global microfinance market is anticipated to grow at a considerable CAGR of around 14.8% during the forecast period (2024-2031). The market growth is driven by the rising demand for finance among the low-income and more overlooked sections of society, government support, and the continuous establishment of microfinance institutions across the globe. The World Bank estimated that over 7,000 microfinance institutions are operating across the globe, serving nearly 16 million
Oral and Dental Probiotics Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Oral and Dental Probiotics Market Size, Trends, Latest Insights, Analysis and Fo …
The global oral and dental probiotics market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). The market growth is driven by the rising awareness about the oral health benefits associated with oral and dental probiotics. The industry growth is also driven by the increasing popularity of combination products, which integrate probiotics with other oral health-enhancing ingredients. Additionally, the rising preference for natural and preventive
Wireless Health Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
Wireless Health Market Size, Trends, Latest Insights, Analysis and Forecast 2024 …
The global wireless health market is anticipated to grow at a significant CAGR of approx. 22.3% during the forecast period (2024-2031). The market growth is driven by the increase demand for chronic disease management solutions, fitness tracking, supporting medication adherence, hampering hospital readmissions, symptom tracking, and managing mental & behavioral health. Additionally, the evolution of healthcare IT is also contributing to market growth through the integration of the Internet of
Antiallergic Non-Drug Supplement Market Will Exhibit an Impressive Expansion by 2024-2031 | General Nutrition Center Holdings, LLC (GNC), Emerald Laboratories
Antiallergic Non-Drug Supplement Market Will Exhibit an Impressive Expansion by …
Antiallergic Non-Drug Supplement Market is anticipated to grow at a significant CAGR during the forecast period. An antiallergic non-drug supplement is a medicinal product that includes various types of nutritional supplements, oils, among others. These supplements are categorized into tablets, capsules, and liquid dosage forms. Antiallergic non-drug supplements can alleviate various types of allergic symptoms and enable allergic patients to deal with the allergic symptoms without using any chemical-based formulations

All 5 Releases


More Releases for Motor

SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Global
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in