South Korea’s EV sector splits into two realities, but aluminium consumption remains unshaken
South Korea’s electric vehicle sector is this year’s perfect example of one country with two different scenarios. While on one hand, the country is experiencing a strong domestic market for EVs, on the other, it undergoes an adverse impact of the United States 25 per cent tariff on EV imports. Yes, the United States is the largest export market for South Korea’s electric vehicles. In 2024, South Korea exported 2.78 million vehicles, most of the headed to the US, according to the Korea Automobile Manufacturers Association (KAMA). In 2025, the momentum faltered as the steep US duties dragged down export volumes lower. Meanwhile, the country’s EV production stood at 407,009 units, accounting for 11 per cent of total automobile production, with an increased sales figure Y-o-Y. The question now is whether the domestic market’s strength can meaningfully offset the shock from declining overseas demand.
Strong domestic market
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