Hybrid & Electric Cars in South Korea
Summary
Hybrid & Electric Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Hybrid & Electric Cars in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP), and the market volume is given in terms of units sold.
- The South Korean hybrid & electric cars market recorded a value of $22,692.8 million in 2025, representing a compound annual growth rate (CAGR) of 27.9% between 2020 and 2025.
- Market consumption volume increased with a CAGR of 27.5% between 2020 and 2025, reaching a total of 667,844.0 units in 2025.
- In 2025, the South Korean hybrid & electric car market value grew by 30.5%, driven primarily by the strategic implementation of pivotal state frameworks like the eco-friendly vehicle subsidy mandates by the Ministry of Environment (ME).
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the hybrid & electric cars market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in South Korea
- Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea hybrid & electric cars market with five year forecasts
- What was the size of the South Korea hybrid & electric cars market by value in 2025?
- What will be the size of the South Korea hybrid & electric cars market in 2030?
- What factors are affecting the strength of competition in the South Korea hybrid & electric cars market?
- How has the market performed over the last five years?
- How large is South Korea’s hybrid & electric cars market in relation to its regional counterparts?
1 EXECUTIVE SUMMARY
1.1. Market Value
1.2. Market Value Forecast
1.3. Market Volume
1.4. Market Volume Forecast
1.5. Category Segmentation
1.6. Geography Segmentation
1.7. Market Rivalry
1.8. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape
3 MARKET DATA
3.1. Market Value
3.2. Market Volume
4 MARKET SEGMENTATION
4.1. Category Segmentation
4.2. Geography Segmentation
5 MARKET OUTLOOK
5.1. Market Value Forecast
5.2. Market Volume Forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
7.4. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Hyundai Motor Co
8.2. Kia Corp
8.3. General Motors Co
8.4. Tesla Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market Value
1.2. Market Value Forecast
1.3. Market Volume
1.4. Market Volume Forecast
1.5. Category Segmentation
1.6. Geography Segmentation
1.7. Market Rivalry
1.8. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape
3 MARKET DATA
3.1. Market Value
3.2. Market Volume
4 MARKET SEGMENTATION
4.1. Category Segmentation
4.2. Geography Segmentation
5 MARKET OUTLOOK
5.1. Market Value Forecast
5.2. Market Volume Forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
7.4. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Hyundai Motor Co
8.2. Kia Corp
8.3. General Motors Co
8.4. Tesla Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: South Korea hybrid & electric cars market value: $ million, 2020-25
Table 2: South Korea hybrid & electric cars market volume: units, 2020-25
Table 3: South Korea hybrid & electric cars market category segmentation: % share, by value, 2020-25
Table 4: South Korea hybrid & electric cars market category segmentation: $ million, 2020-25
Table 5: South Korea hybrid & electric cars market geography segmentation: $ million, 2025
Table 6: South Korea hybrid & electric cars market value forecast: $ million, 2025-30
Table 7: South Korea hybrid & electric cars market volume forecast: units, 2025-30
Table 8: Hyundai Motor Co: Key Facts
Table 9: Hyundai Motor Co: Annual Financial Ratios
Table 10: Hyundai Motor Co: Key Employees
Table 11: Hyundai Motor Co: Key Employees Continued
Table 12: Kia Corp: Key Facts
Table 13: Kia Corp: Annual Financial Ratios
Table 14: Kia Corp: Key Employees
Table 15: General Motors Co: Key Facts
Table 16: General Motors Co: Annual Financial Ratios
Table 17: General Motors Co: Key Employees
Table 18: Tesla Inc: Key Facts
Table 19: Tesla Inc: Annual Financial Ratios
Table 20: Tesla Inc: Key Employees
Table 21: South Korea Size of Population (Million), 2021-25
Table 22: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 23: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 24: South Korea Inflation, 2021-25
Table 25: South Korea Consumer Price Index (Absolute), 2021-25
Table 26: South Korea Exchange Rate, 2020-25
Table 1: South Korea hybrid & electric cars market value: $ million, 2020-25
Table 2: South Korea hybrid & electric cars market volume: units, 2020-25
Table 3: South Korea hybrid & electric cars market category segmentation: % share, by value, 2020-25
Table 4: South Korea hybrid & electric cars market category segmentation: $ million, 2020-25
Table 5: South Korea hybrid & electric cars market geography segmentation: $ million, 2025
Table 6: South Korea hybrid & electric cars market value forecast: $ million, 2025-30
Table 7: South Korea hybrid & electric cars market volume forecast: units, 2025-30
Table 8: Hyundai Motor Co: Key Facts
Table 9: Hyundai Motor Co: Annual Financial Ratios
Table 10: Hyundai Motor Co: Key Employees
Table 11: Hyundai Motor Co: Key Employees Continued
Table 12: Kia Corp: Key Facts
Table 13: Kia Corp: Annual Financial Ratios
Table 14: Kia Corp: Key Employees
Table 15: General Motors Co: Key Facts
Table 16: General Motors Co: Annual Financial Ratios
Table 17: General Motors Co: Key Employees
Table 18: Tesla Inc: Key Facts
Table 19: Tesla Inc: Annual Financial Ratios
Table 20: Tesla Inc: Key Employees
Table 21: South Korea Size of Population (Million), 2021-25
Table 22: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 23: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 24: South Korea Inflation, 2021-25
Table 25: South Korea Consumer Price Index (Absolute), 2021-25
Table 26: South Korea Exchange Rate, 2020-25
LIST OF FIGURES
Figure 1: South Korea hybrid & electric cars market value: $ million, 2020-25
Figure 2: South Korea hybrid & electric cars market volume: units, 2020-25
Figure 3: South Korea hybrid & electric cars market category segmentation: $ million, 2020-25
Figure 4: South Korea hybrid & electric cars market geography segmentation: % share, by value, 2025
Figure 5: South Korea hybrid & electric cars market value forecast: $ million, 2025-30
Figure 6: South Korea hybrid & electric cars market volume forecast: units, 2025-30
Figure 7: Forces driving competition in the hybrid & electric cars market in South Korea, 2025
Figure 8: Drivers of buyer power in the hybrid & electric cars market in South Korea, 2025
Figure 9: Drivers of supplier power in the hybrid & electric cars market in South Korea, 2025
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in South Korea, 2025
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in South Korea, 2025
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in South Korea, 2025
Figure 1: South Korea hybrid & electric cars market value: $ million, 2020-25
Figure 2: South Korea hybrid & electric cars market volume: units, 2020-25
Figure 3: South Korea hybrid & electric cars market category segmentation: $ million, 2020-25
Figure 4: South Korea hybrid & electric cars market geography segmentation: % share, by value, 2025
Figure 5: South Korea hybrid & electric cars market value forecast: $ million, 2025-30
Figure 6: South Korea hybrid & electric cars market volume forecast: units, 2025-30
Figure 7: Forces driving competition in the hybrid & electric cars market in South Korea, 2025
Figure 8: Drivers of buyer power in the hybrid & electric cars market in South Korea, 2025
Figure 9: Drivers of supplier power in the hybrid & electric cars market in South Korea, 2025
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in South Korea, 2025
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in South Korea, 2025
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in South Korea, 2025
