Tesla sold a total of one car in South Korea in January

tesla model y

In Malaysia, Tesla is much lauded by electric vehicle (EV) users and enthusiasts alike, but in South Korea, it’s an entirely different story.

According to a report by Free Malaysia Today, the Texas-based EV manufacturer only managed to sell one car, a Model Y, in January due to concerns about safety, pricing, and charging infrastructure.

Data from the Seoul-based research firm Carisyou and the Korea Ministry of Trade indicates that this marked Tesla’s worst sales performance since July 2022, when it sold no vehicles at all.

Carisyou also reported that the number of new EV registrations in the country declined by 80% in January 2023 compared to December 2022.

It is understood that the slow reception for EVs in South Korea is due to higher interest rates and inflation, which have forced consumers to restrain their spending.

Furthermore, concerns about battery fires and a shortage of fast chargers have also contributed to the decline in EV demand there.

Lee Hang-Koo, head of the Jeonbuk Institute of Automotive Convergence Technology said most Koreans who wanted a Tesla car have already bought one.

In fact, some Koreans dislike Tesla and are concerned about the quality of production after learning that some of them are made in China.

Lee also mentioned that many people avoided buying vehicles in January because they were waiting for the government’s announcement of subsidies.

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