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Why to go for electric vehicle in South Korea?

Even though China seems to lead the electric vehicle market. But somehow other countries in Asia are also on the top to lead. In the race of electric cars in South Korea.

As per a survey by Rakuten Insight, the purchase intention for electric cars in South Korea is 45.37%. But around 54% of the people replied in No.

The negative opinion seems to be quite high for the South Korean market. Which is quite a surprising attitude. The reasons collected by Rakuten Insights are: –

Why 54% South Korean don't want to buy electric vehicles?

Now let’s see the reason for 45% of the South Korean preferring electric vehicle: –

Reasons for electric vehicles in South Korea

The reasons somehow provide ample opportunity or the risks. Manufacturers can think of before entering the South Korean market. So, now can you think of the factors why some of them are willing enough to pay for an electric vehicle in South Korean market?

Demand factors for electric vehicles in South Korea
How much willing are they to pay for an electric car in South Korea?
Motivating incentives to purchase electric car in South Korea.

In my opinion, South Korea is providing ample opportunity to invest into such market. With good amount of incentives and reliable way of entering into a certain market. With motivating incentives for electric vehicles.

The attitude of South Korean shows that they are ready to pay. Or are willing for such amount for electric vehicles. But how far they are going to turn the negative response from such people too.

Positive is not known and how are they able to convert? It is also something a long way or with different technique.

Source:- Autoherald; Various sources (SK Encar); Statista.

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