Seoul City Provides 33.5 Million Won Subsidy for Hydrogen Vehicle Purchase

Applications Accepted from the 17th on Ministry of Environment's Low-Emission Vehicle Purchase Subsidy System
Applications Only Accepted for Vehicles Deliverable Within 2 Months
6.6 Million KRW Tax Reduction, Parking Fee and Highway Toll Discounts Also Available

[Asia Economy Reporter Han Jinju] The Seoul Metropolitan Government will provide a purchase subsidy of 33.5 million KRW for 475 hydrogen vehicles in the second half of this year.

Seoul announced that starting from the 17th, it will accept applications for purchase subsidies for 475 vehicles through the Ministry of Environment's Low Emission Vehicle Purchase Subsidy Support System. In March, 388 vehicles were supported, and including the second half support volume, a total of 863 vehicles are planned to be distributed this year.

Eligible applicants are individuals, corporations, organizations, and public institutions who have continuously resided in Seoul or registered their business office in Seoul for at least 30 days prior to the purchase support application date. Individuals can apply for one vehicle per person, while businesses, corporations, and organizations can apply for up to five vehicles per entity.

Only vehicles for which the buyer has signed a purchase contract with the automobile manufacturer or dealer and can be delivered within two months are eligible for purchase support applications. All application procedures are conducted on behalf of the buyer by the automobile manufacturer or dealer.

In addition to the purchase subsidy, various benefits are provided, including tax reductions up to 6.6 million KRW (4 million KRW individual consumption tax, 1.2 million KRW local education tax, 1.4 million KRW acquisition tax), 50% discounts on public parking fees and highway tolls, and exemption from congestion charges in the Namsan Tunnel.

Seoul plans to build a hydrogen refueling station at the Seosomun Government Complex. The current refueling capacity of 2,600 vehicles will be increased to about 4,500 vehicles to alleviate charging inconveniences for citizens.

Hydrogen vehicles use fuel cells that generate electricity by directly reacting hydrogen with oxygen from the air, producing no emissions other than water during operation. They also have air purification functions, making them eco-friendly vehicles effective in reducing fine dust and greenhouse gas emissions. Detailed information regarding hydrogen vehicle distribution can be found at the integrated call center and the Ministry of Environment's Low Emission Vehicle integrated website.

Kim Jeongseon, Director of Climate Change Response at Seoul City, said, "Citizens considering purchasing hydrogen vehicles are encouraged to apply for subsidies to receive benefits supported by Seoul City." He added, "Seoul will strive to make it more convenient for citizens to use hydrogen vehicles by expanding charging infrastructure in line with vehicle distribution expansion, including the construction of the Seosomun hydrogen refueling station."

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