Today we will learn about how to apply for an electric vehicle subsidy. The demand for purchasing electric vehicles is increasing, but people often end up in trouble because they are unable to apply for electric vehicle subsidies on time.
The budget and amount of support for eco-friendly car subsidies may vary from local government to local government. You can check the maximum amount of government subsidy + local government subsidy by entering the regional vehicle model on the integrated zero-emission vehicle website, etc. and searching.
electric vehicle subsidy
This project encourages the purchase of eco-friendly electric vehicles to reduce greenhouse gas emissions and provides differentiated subsidies depending on the type of vehicle purchased. As each local government has different budgets, it varies by vehicle, and imported cars are priced higher than domestic cars.
Electric vehicle subsidy = national budget + local budget (local government)
Eligible for electric vehicle subsidies
New purchases and new registration vehicles for individuals, corporations, public institutions, local governments, and local public enterprises.
Excluded from support
The same owner purchased two or more identical vehicles within two years
The vehicle price is more than 85 million won
Electric vehicle manufacturers and importers purchase their own vehicles
Purchased by research institutions for research and testing purposes
Subsidy payment rate by vehicle price
Electric vehicle price Electric vehicle subsidy payment rate Less than KRW 57 million 100% KRW 57 million to KRW 85 million 50% Above KRW 85 million 0% A 50% subsidy is paid between KRW 57 million and KRW 85 million, and no subsidy is paid when it exceeds KRW 85 million.
How to check electric vehicle subsidies
Purchase and Support
Click to apply for a subsidy for the purchase of a zero-emission car
eco-friendly electric car
Support scale: Expanded from 165,000 units to 215,000 units
Support amount: KRW 5 million > Reduced to KRW 6 million
Eco-friendly commercial vehicle
Support scale: Expanded from 43,000 units to 58,000 units
Support amount: Maintained between KRW 70 million > KRW 14 million
hydrogen car
Expansion of subsidies for eco-friendly commercial vehicles.
Charging infrastructure around garages and terminals will be selectively expanded
How to apply for electric vehicle subsidies
Electric vehicle subsidy announcements are made every year from January to February on the websites of each local government. Therefore, depending on the local government, announcements require individual confirmation. There are several steps to apply for a subsidy, but in brief they are as follows.
Check local government subsidy project announcements
Electric vehicle purchase contract
Submit application for electric vehicle purchase subsidy support
Receive confirmation of subsidy eligibility
Shipping and registering an electric vehicle
Submit application for electric vehicle purchase subsidy (by vehicle seller, within 10 days of delivery)
Receive subsidy within 14 days of applying for purchase subsidy
Application Period and Considerations
Since the application period for electric vehicle subsidies varies depending on the local government, applicants are advised to secure subsidy eligibility by considering the time of vehicle shipment and registration.
finish
We learned about electric vehicle subsidies above. There are still some hesitations when purchasing an electric vehicle because there are not many electric vehicle repair shops or charging stations. However, infrastructure is gradually being built.
As time goes by, the amount of subsidy is decreasing, so please refer to it carefully and we hope it will help you with your purchase.
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