South Korea Battery Electric Vehicle (BEV) Market Trends, Size, Competitive Analysis and Forecast 2019-2025

1. Orion Market Research South Korea Battery Electric Vehicle (BEV) Market, Size, Share, Analysis Report & Forecast to 2025 Request a Free Sample of our South Korea Battery Electric Vehicle (BEV) Market: https://www.omrglobal.com/request-sample/south-korea-battery-electric-vehicle-bev-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

2. 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. A full Report of South Korea Battery Electric Vehicle (BEV) Market is Available at: https://www.omrglobal.com/industry-reports/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. Request a Free Sample of our South Korea Battery Electric Vehicle (BEV) Market: https://www.omrglobal.com/request-sample/south-korea-battery-electric-vehicle-bev-market 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.

3. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/south-korea-battery-electric-vehicle-bev-market 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 Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404