The Korea Institute for Industrial Economics and Trade (KIET), a state-run
South Korean think tank, said this past week that South Korea will enter the
hybrid car market in a big way in 2011 and then continue to play a big role in the global
hybrid market. As you can guess from the links below, there has been movement in this direction for a while, especially by
Hyundai/
Kia, but
Asia Pulse said that earlier reports were hinting at a 2010 start date. KIET cited the added cost of making hybrids as the reason for the later date.
KIET gave these numbers for Korea's domestic hybrid production:
Related:
[Source: EDTA / Asia Pulse]
KIET gave these numbers for Korea's domestic hybrid production:
- 500,000 by 2015
- 1.8 million by 2020 (exporting 70 percent)
Related:
[Source: EDTA / Asia Pulse]