Tesla Inc. Faces Challenges in South Korean EV Market
Tesla Inc. has experienced a significant setback in the South Korean electric vehicle (EV) market, selling just one vehicle in January. This marks the worst month for the company since July 2022 when no vehicles were sold at all. Several factors including safety concerns, high prices, and a lack of charging infrastructure have impacted demand for EVs in South Korea. Data from Seoul-based researcher Carisyou and the Korean trade ministry reveals that the number of new EVs registered in January fell 80% compared to December.
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