According to Organic Market Research, South Korea Electric Vehicle Market Share was USD 7.59 billion in 2023 and the market is projected to touch USD 23.71 billion by 2032, at a CAGR of 15.3% during the forecast period. The market is rapidly evolving, driven by a combination of government incentives, technological advancements, and increasing consumer awareness of environmental issues. As one of Asia’s most technologically advanced nations, South Korea is making significant strides in the development and adoption of EVs.