The annual number of newly registered electric vehicles has surpassed 200,000.
The Ministry of Climate, Environment and Energy said on the 16th that newly registered electric vehicles this year totaled 200,650. This is the first time the annual number of newly registered electric vehicles has exceeded 200,000.
Electric vehicles registered from 2011 to 2016 totaled only 11,767, but began to surge in the 2020s. As the calendar turned from 2020 to 2021, newly registered electric vehicles increased from 46,713 to 100,427.
After climbing to 164,486 in 2022, the number of newly registered electric vehicles slid for the next two years. Newly registered electric vehicles totaled 162,605 in 2023 and 146,902 in 2024. Because of this, the market saw analyses that electric vehicles were experiencing a "chasm" (temporary demand stagnation).
The figure has rebounded this year, which appears to be thanks to manufacturers rolling out a variety of new models. It also appears to reflect the expansion of charging infrastructure, including fast and slow chargers, and the early confirmation of electric-vehicle purchase subsidies this year.
Still, the figure falls short of the government's target. To achieve the 2030 Nationally Determined Contribution (2030 NDC, cutting greenhouse gas emissions 40% by 2030 from 2018 levels), the government plans to supply a cumulative 4.2 million electric vehicles by 2030.
Cumulative registrations to date stand at 884,894, leaving 3,315,106 to go to reach the target. About 660,000 need to be supplied annually through 2030.