{
  "id": 16967791,
  "title": "EVs on path to overcome chasm in Korea",
  "url": "https://urgent.news/2026/10/28/evs-on-path-to-overcome-chasm-in-korea-16967791",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T22:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261029/evs-on-path-to-overcome-chasm-in-korea"
  },
  "original_language": "en",
  "account": "Korea’s electric vehicle (EV) market is on track to overcome the significant barrier preventing mass adoption. Lower-cost models and rising fuel costs are making EVs more appealing to consumers. This trend is evident in the increasing demand for used EVs, which could alleviate concerns about resale values, a long-standing hurdle for widespread EV adoption. As demand grows and prices stabilize, prospective buyers may be less apprehensive about potential financial losses when selling their vehicles, which could further boost new EV sales.\n\nAccording to K Car, the leading used car sales platform in Korea, used electric vehicles typically took 81 percent as long to sell as those powered by internal combustion engines during the first nine months of the year. In simpler terms, EVs sold 19 percent faster than their gasoline and diesel counterparts. During the same period, EVs accounted for approximately 32 percent more of K Car’s total used car sales compared to the previous year, indicating a notable increase in consumer interest.",
  "summary": "Korea’s electric vehicle (EV) market is showing clear signs of crossing the chasm before mass adoption, as lower-cost models and surging fuel expenses make EVs increasingly attractive to consumers. The trend is seen in the increasing demand for used EVs. Their growing popularity could also help ease concerns over resale values — which was considered one of the longstanding obstacles blocking…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}