Daejeon City, Early Retirement Subsidy Application for Old Diesel Vehicles 'Until the 3rd of Next Month'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will accept applications for early retirement subsidies for old diesel vehicles from the 17th of this month to the 3rd of next month.

According to the city on the 9th, the early retirement subsidy targets are diesel vehicles with emission grade 5 or road-use type 3 construction machinery manufactured before December 31, 2005, which have been continuously registered in Daejeon for more than 6 months, and the final owner's vehicle ownership period must be at least 6 months.

Also, applications for early retirement subsidies are possible only when the vehicle passes the comprehensive vehicle inspection and used car performance and condition inspection, confirming it is operable.

However, vehicles equipped with emission reduction devices through government support or modified with low-emission engines are excluded from the subsidy target.

The subsidy amount for vehicles under 3.5 tons gross weight ranges from 140,000 KRW to 3,000,000 KRW, with 70% of the subsidy amount provided upon scrapping. Additionally, if a new vehicle other than a diesel vehicle is purchased after scrapping, the remaining 30% can be additionally supported. For vehicles over 3.5 tons gross weight, support ranges from 3,000,000 KRW to 30,000,000 KRW depending on engine displacement and whether a new vehicle is purchased.

The subsidy calculation is based on the vehicle standard price from the Insurance Development Institute and the standard market price from the Ministry of the Interior and Safety, and varies according to vehicle type and model year.

The city plans to significantly expand the support scale this year as operation restrictions on grade 5 vehicles are enforced during high-concentration fine dust emergency reduction measures.

The support procedure involves the vehicle owner submitting an application with a copy of the vehicle registration certificate and ID card to Daejeon City Hall, receiving a confirmation of eligibility, and then completing procedures such as used car performance inspection, scrapping, and deregistration within 2 months before applying for the subsidy.

For more details, refer to the announcement posted on the Daejeon City website or contact the Daejeon City Fine Dust Response Division for guidance.

This content was produced with the assistance of AI translation services.