Seoul: Sales of imported vehicles in South Korea gained 24.4 percent from a year earlier in February, helped by the announcement of this year's government subsidies for electric vehicles (EVs), industry data showed Thursday. The number of newly registered imported cars came to 20,199 units last month, up from 16,237 units from a year ago. According to Qatar News Agency, the Korea Automobile Importers and Distributors Association reported a monthly increase, with the tally representing a 32.6 percent surge from January. This significant rise is attributed to the growing interest in environmentally friendly vehicles and government incentives. In terms of fuel types, hybrid registrations totaled 13,013 units, accounting for 64.4 percent of all new imported cars. Electric, gasoline, and diesel model registrations followed at 18.6 percent, 16 percent, and 1 percent, respectively. This distribution highlights a strong preference for hybrid vehicles among consumers in South Korea.
Home » Import Car Sales in S. Korea Jump 24.4 Pct On-Year in Feb.
Import Car Sales in S. Korea Jump 24.4 Pct On-Year in Feb.
Recent post's
Bank of Japan Hikes Rates to 31-Year High
September 18, 2026
Oil Prices Fall One Percent Amid Trade Optimism
September 18, 2026
Kuwaiti Oil Price Falls USD 6.12
September 18, 2026
Gold Prices Rise as Markets Monitor Middle East Developments
September 18, 2026
Oman Oil Price Drops by over USD 5
September 18, 2026
Qatar Airways Triumphs with Four Skytrax Awards
September 18, 2026
Gulf Cup 27 Names Referees From 12 Countries for Jeddah Tournament
September 18, 2026
Al Rayan Bank Becomes Gold Sponsor of Qatar’s 2026 And 2028 Padel World Cups
September 18, 2026