Next Year, 500,000 Zero-Emission Vehicles to be Supplied... 55 Million KRW Vehicle Price 기준 for 100% Subsidy Eligibility (Comprehensive)

Government, Innovation Growth Meeting... Hong Nam-ki "Subsidies for 165,000 Zero-Emission Vehicles"
Establishment of Integrated Personal Health Information Utilization System

Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki delivering opening remarks at the Innovation Growth BIG3 Ministers' Meeting held at the Government Seoul Office Building on the morning of the 21st. (Photo by Ministry of Economy and Finance)

[Sejong=Asia Economy Reporter Moon Chaeseok] The government plans to double the cumulative supply of zero-emission vehicles such as electric and hydrogen cars from the current 250,000 units to 500,000 units next year. To achieve this, it will invest 2.4 trillion won. To increase the supply of zero-emission vehicles, the government intends to lower the subsidy eligibility price for passenger cars from 60 million won to 55 million won, reducing it by 5 million won while maintaining a 100% subsidy at the time of purchase.

On the 21st, the government discussed the 'Zero-Emission Vehicle Transition Acceleration Plan,' including these details, at the 'Innovation Growth BIG3 Promotion Meeting' held at the Government Seoul Office, chaired by Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki.

The supply of zero-emission vehicles increased from 96,000 units in 2019 to 149,000 units last year, and expanded to 248,000 units by November this year. Deputy Prime Minister Hong stated, "We will provide subsidies for 165,000 zero-emission passenger cars to achieve the supply target of 500,000 units next year."

The government will also support the additional conversion of 90,000 commercial vehicles such as buses, taxis, and trucks to zero-emission vehicles, and to expand infrastructure, it plans to install 60,000 additional electric vehicle chargers. Hydrogen charging stations will be expanded by more than 300 units. Deputy Prime Minister Hong said, "By supporting additional conversion of commercial vehicles and expanding electric vehicle chargers and hydrogen charging stations, we will also enhance the convenience of charging services for eco-friendly vehicles."

Additionally, the government plans to raise the mandatory purchase ratio of zero-emission vehicles in the public sector to 100%. In the private sector, it intends to introduce eco-friendly vehicle purchase targets, focusing on large-scale vehicle owners.

At the meeting, the government also discussed the 'Support Plan for Utilizing Personal Health Information to Activate Digital Healthcare Services' and decided to establish a 'Health Information Highway System' by 2023 that allows integrated use of personal health information with the individual's consent. Deputy Prime Minister Hong explained, "In line with recent trends of aging and digitalization, we will build a foundation to provide customized medical services and precision medical services by utilizing integrated personal health information."

Next year, 440 billion won will be invested in system sectors such as artificial intelligence (AI) semiconductors, and support for research and development (R&D) and facility investment tax incentives will continue.

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