Yeosu City Supports Subsidies for Hydrogen Electric Vehicle Purchases

Priority Support 15 Units, General 60 Units... Applications Open from the 27th of This Month

Last May, at the Jeonnam Hydrogen Economy Leading Vision Declaration Ceremony held at Yeosu Culture Hall, Yeosu Mayor Kwon Oh-bong delivered a greeting. In May this year, Jeonnam's first hydrogen car charging station is scheduled to be established within the SPG Yeosu Factory in Jungheung-dong, Yeosu.

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu City, Jeollanam-do (Mayor Kwon Oh-bong) announced on the 23rd that it will support 75 hydrogen electric vehicles this year to reduce fine dust and establish a hydrogen industry city foundation.

The supported model is the Hyundai Nexo, with 15 vehicles for priority support and 60 for general support, each receiving a purchase subsidy of 37.5 million KRW.

Priority support targets include families with multiple children, vulnerable groups, first-time vehicle buyers, taxis, and those replacing old diesel vehicles with hydrogen cars.

Eligibility requires individuals to have continuously resided in Yeosu for at least six months, and companies, corporations, or organizations must have their headquarters or branches in Yeosu as of the announcement date.

Applications open on the 27th, with only one vehicle allowed per household or business, and support ends when the budget is exhausted.

Individuals or organizations wishing to receive hydrogen electric vehicle purchase subsidies can apply by visiting car dealerships to complete the application and contract forms.

Selection of recipients and subsidy support are based on the order of vehicle delivery, not the order of application submission.

Even if the application review grants subsidy eligibility, late vehicle delivery may result in ineligibility for the subsidy.

Vehicle delivery will be coordinated considering the operation start of the hydrogen charging station currently being installed in the Yeosu National Industrial Complex, scheduled for completion by the end of next month.

A city official stated, “We plan to expand support for eco-friendly vehicles such as hydrogen electric vehicles and electric vehicles, which are gaining attention for reducing fine dust,” and added, “We hope for much interest and applications.”

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