Hyundai-Kia Motors recovers domestic electric vehicle market share to 70% in February

Last month, Hyundai-Kia Motors was estimated to have regained a 70% share of the domestic electric vehicle market. On the 16th, the automobile assembly industry announced that Hyundai-Kia Motors' market share in February was 70.4%.
This is an increase of more than 10 percentage points from last year's full-year figure (60.1%). A total of 5,346 Hyundai electric vehicles were sold last month, more than eight times more than the same period last year (667 units).
By model, sales of the Ioniq 5 (1,463 units) increased by six times compared to the same period last year (224 units), and sales of the new Casper Electric (1,061 units) also increased by more than 1,000 units.
Kia Motors' electric vehicle sales (4,666 units) also increased by nearly four times compared to the same period last year (1,273 units). The Kia EV3 sold 2,257 units, and the electric vehicle
It became the best-selling model among all cars. The new car effect, combined with subsidies for electric vehicles, has made the car more price-competitive, which is seen as playing a positive role in Hyundai and Kia's sales.
Sales of Toyota increased after the Ministry of the Environment announced subsidy guidelines earlier than usual. Meanwhile, Tesla was found to have only a 15.6% market share last month due to a shortage of new cars.