Yeonggwang-gun 'Early Retirement Subsidy for Old Diesel Vehicles' Support

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Seong-jeong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 17th that it will provide 880 million KRW in subsidies for the "Early Retirement Subsidy for Old Diesel Vehicles" to reduce vehicle emissions, a major cause of air pollution such as fine dust.

The support targets are diesel vehicles rated grade 5 for emissions and three types of road-use construction machinery (dump trucks, concrete mixer trucks, concrete pump trucks) manufactured under emission standards applied before 2005.

The vehicle must have been owned and registered in the county for more than six months and be in normal operating condition.

However, vehicles that have been equipped with emission reduction devices or converted to low-emission engines through government support are excluded from the target.

This year, the upper limit of the early retirement subsidy has been raised from 3 million KRW to 6 million KRW for diesel vehicles under 3.5 tons, but only for livelihood vehicles (basic livelihood security recipients, lower-income groups), commercial vehicles, and vehicles owned by small business owners.

When scrapping, 70% of the vehicle's standard value is supported, and diesel vehicles over 3.5 tons and road-use construction machinery can receive subsidies up to 40 million KRW.

Also, if a new or used vehicle (grade 1 or 2), excluding diesel vehicles, is purchased within four months after issuing the early retirement target confirmation, diesel vehicles under 3.5 tons will receive an additional 30% of the vehicle's standard value, and diesel vehicles over 3.5 tons and construction machinery will receive an additional amount equivalent to 200% of the standard value within the subsidy limit.

In particular, if the owner of the early retirement target vehicle is low-income, an additional 10% of the vehicle's standard value will be supported within the subsidy limit.

Vehicle owners wishing to apply can submit their application form, ID, vehicle registration certificate, and other required documents at the Urban Environment Division or the town/myeon office.

Verification of diesel vehicles rated grade 5 for emissions can be checked on the Ministry of Environment's vehicle emission grade system website or call center.

A county official said, "The early retirement support project for old diesel vehicles is a project that contributes to protecting residents' health by creating a pleasant air environment by reducing fine dust, so we hope for active participation from owners of eligible vehicles."

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