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Tesla Model 3 is Best Selling EV of 2020 In South Korea (Jan-July)

by Eva Fox August 12, 2020

Tesla Model 3 is Best Selling EV of 2020 In South Korea (Jan-July)

Featured image: Motortrend

In 2020, Tesla Model 3 topped the sales rating for electric cars (EV) in South Korea. Tesla was ahead of Hyundai and Kia in the first seven months of this year, which is a particularly notable achievement, given that Tesla's factories in the U.S. were shut down for more than a month due to the coronavirus pandemic.

According to EV-Sales, Tesla has sold 6,888 Model 3s in South Korea since the beginning of the year. Its closest competitor, Hyundai, was able to sell 5,120 Kona EVs during the same period. Kia Niro EV and Chevrolet Bolt sold 2,315 and 1,357 units, respectively. BMW 530e closes out the top 5 with 1,168 sales.


Source: EV-Sales

Overall, the South Korean plugin market grew by 7% YoY. More than 22,000 units were sold in 2020. These strong numbers were led by the Tesla Model 3--which comprised 31% of the electric vehicle market share.

In contrast, Hyundai Kona EV sales fell 45% YoY. Notably, Hyundai's Czech plant is now producing units for the European market, so Hyundai has more manufacturing bandwidth to deliver its own cars domestically. If Kona EV sales don't improve over the course of the year, it may suggest the automaker is facing waning demand at home.

Article edited by @SmokeyShorts, you can follow him on Twitter 




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