High fuel prices double second-hand eco-friendly vehicle sales in South Korea

High oil prices have significantly increased consumers' interest in eco-friendly vehicles in South Korea. In the first half of this year, the transaction volume of electric and hybrid cars on the second-hand vehicle platform Daangn Car, operating in the country, more than doubled compared to the same period last year.

Consumers are turning to electric and hybrid models instead of gasoline and diesel vehicles in order to reduce rising fuel costs. This situation positively affects not only brand-new vehicle sales but also the second-hand market, which offers more affordable prices. The data announced on Monday clearly reveals this rapid shift in consumer preferences during a period of rising transportation costs.