South Korea remains a significant market for U.S. automaker Tesla, and 2022 marked the company’s best year yet in the region.
Tesla has earned more than 10,000 registered vehicles in South Korea in 2022 for the third year in a row, according to @TslaChan, citing data from the Ministry of Land, Infrastructure and Transport.
Throughout last year, Tesla had 14,571 registrations in the country, outpacing a number of other automakers in the country. Tesla’s registrations were made up of 7,323 Model 3 units, followed by the Model Y with 7,248 units.
The Model 3 was also Korea’s best-selling imported electric car, easily outpacing deliveries from Polestar 2 in third place with 2,794 registrations, and the BMW i4 with 2,353 next, followed by the BMW iX3 at 2,096, Audi Q4 e-tron at 1,987, Mercedes EQS, EQA and the Volkswagen ID.4 and Porsche Taycan rounding out the chart.
$TSLA in 2022 🇰🇷
• The number of Tesla registered in Korea is 14,571. This is the third consecutive year that exceeded 10,000 units.• The best-selling imported electric car in Korea is Model 3 (7,323), followed by Model Y.
• Tesla's cumulative registration share is 13.2%. pic.twitter.com/lfRZPf2XuR
— Tsla Chan (@Tslachan) January 11, 2023
Tesla has earned a cumulative registration share of 13.2 percent of pure battery electric vehicles in South Korea as of Q3 2022. While this share is rising, domestic giant Hyundai leads with 42.8% of EVs in South Korea as of Q3, with the Hyundai Ioniq 5, Kia EV6 and Hyundai NEXO leading the top three sales.
The news also comes after rumors suggested that Tesla could be looking at South Korea for its next Gigafactory in Asia, as the country’s government has been in talks with the automaker over the last several months.
Earlier this week, Tesla also began offering discounts in Korea and a number of other countries for both the Model 3 and Model Y.
