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Willingness to pay for an electric car South Korea 2019

Published by Jang Seob Yoon, May 12, 2021
Around 23 percent of respondents of a survey conducted by Rakuten Insight in 2019 stated that they are willing to pay up to ten percent more than a conventional car to purchase an electric car. In total, almost half of the surveyed reported to be willing to pay more than a conventional car to buy an electric car.

Acceptable price level for purchasing an electric car compared to a conventional car in South Korea as of June 2019

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Source

Release date

July 2019

Region

South Korea

Survey time period

June 7 to June 30, 2019

Number of respondents

10,151 respondents

Age group

16 years and older

Special properties

4,507 female and 5,724 male respondents

Method of interview

Online survey

Supplementary notes

Original question:
"How much are you willing to pay for an electric car?"

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Electric vehicles in South KoreaAutomotive industry in South KoreaAir transportation in South KoreaEnergy sector in South KoreaClimate change in South Korea
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