Gyeonggi Province Supports 742 Billion Won in Eco-Friendly Vehicle Purchase Subsidies

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province will provide a total of 742 billion won in eco-friendly vehicle purchase subsidies this year, including electric vehicles.

According to Gyeonggi Province on the 14th, this amount is sufficient to support 47,090 vehicles, which is nearly 1.5 times the 33,046 units supplied last year.

For electric vehicles, the province will support 34,525 sedans, 1,300 buses, and 7,807 cargo vehicles with maximum subsidies of 11.8 million won, 112 million won, and 20 million won per vehicle, respectively.

Last year, subsidies were provided for 22,485 sedans, 878 buses, and 7,051 cargo vehicles.

For hydrogen vehicles, the province will support 3,400 sedans, 36 buses, 5 cargo vehicles, and 17 cleaning vehicles with maximum subsidies of 35 million won, 350 million won, 450 million won, and 900 million won per vehicle, respectively.

Last year, subsidies were provided for 2,622 sedans and 10 buses.

Additionally, the province will provide an extra maximum of 2 million won per vehicle on a first-come, first-served basis (limited to 500 units) for those who scrap Grade 5 aged diesel vehicles and purchase electric or hydrogen sedans, or for companies or employees located in industrial complexes in the province who purchase electric or hydrogen sedans.

Those interested in purchasing eco-friendly vehicles can visit nearby automobile dealerships for guidance.

After consultation, dealerships will handle related procedures on behalf of customers by submitting purchase support application forms and contracts to the relevant city or county offices.

For detailed information on eligible vehicle types, subsidy amounts, application methods, and other matters regarding eco-friendly vehicle purchase support, please check the websites of the relevant city or county offices or the Zero Emissions Vehicle integrated portal (www.ev.or.kr) announcements.

Jung Han-gyu, head of the Advanced Mobility Industry Division at Gyeonggi Province, said, “We hope for active participation to achieve both environmental conservation and future industry development through promoting the distribution of eco-friendly vehicles.”