Gyeonggi Province Provides 5.7 Billion Won in Subsidies for 3,625 Electric Two-wheelers

[Suwon Ilbo=Reporter Park No-hoon] Gyeonggi Province announced on the 16th that it will provide purchase subsidies for approximately 3,625 electric two-wheelers by investing a total of 5.7 billion won this year.

According to the province on the 16th, when residents replace existing internal combustion two-wheelers with electric two-wheelers, an additional 200,000 won will be provided as long as it does not exceed the maximum subsidy amount for each size, type, and performance category. When small business owners and vulnerable populations (persons with disabilities, households at or below the lower-income threshold) make purchases, an additional 10% of the national government support amount for the relevant vehicle will be provided regardless of the maximum subsidy amount.

Residents of Gyeonggi Province who wish to purchase an electric two-wheeler can visit a nearby electric two-wheeler manufacturer or importer for consultation, then fill out and submit a purchase support application and contract for subsidy support. The manufacturer or importer will handle related procedures, including submitting the documents to the relevant city or county office.

The maximum electric two-wheeler purchase subsidies are ▲1.4 million won for light-duty ▲2.3 million won for small ▲2.7 million won for medium ▲3 million won for heavy-duty models, with differentiated support based on the size, type, and performance of the electric two-wheeler.

However, purchasers of electric two-wheelers receiving subsidies must comply with a mandatory operation period of up to 5 years. If a vehicle is deregistered or scrapped without meeting the mandatory operation period, the subsidy will be recovered according to the operation period fulfilled.

Details regarding eligible vehicle models for electric two-wheeler purchase support, subsidy amounts, application methods, and other information can be found through the relevant city or county website or the Zero-emission Vehicle Integrated Portal (www.ev.or.kr) announcement.

Jung Han-gyu, Director of the Advanced Mobility Industry Division of Gyeonggi Province, said, "We expect that expanding the supply of electric two-wheelers will contribute to improving air quality, and industrial and economic effects can also be created through the revitalization of future industries such as semiconductors."