Ulsan City to Provide 34 Million KRW Support Per Hydrogen Electric Vehicle This Year

Hyundai Nexo 200 Units Distributed, Subsidy Applications Available at Purchase Locations

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Ulsan City is starting the hydrogen electric vehicle distribution project in 2022 to improve air quality and promote the spread of eco-friendly vehicles.

On the 4th, the city announced that it will distribute 200 hydrogen electric vehicles and provide a purchase subsidy of 34 million KRW per vehicle, combining national and city funds.

The distributed model is the hydrogen fuel electric vehicle "Nexo" produced by Hyundai Motor Company.

The application period is from the announcement date until the project budget is exhausted, and citizens aged 18 or older with an address in Ulsan City and corporations can apply until the day before the application date.

Vehicle purchasers do not need to apply separately to the city hall; they can submit the necessary documents for subsidy payment when purchasing the vehicle through Hyundai Motor Company branches or dealerships.

Purchasers of hydrogen electric vehicles who receive the subsidy must operate the vehicle for two years, and if they wish to scrap the vehicle during the mandatory operation period, they must obtain prior approval from the city.

For more details, refer to the announcement on the Ulsan City website's public notice board or contact the city's Energy Industry Division or call 120 without an area code for consultation.

Until last year, the city has distributed a total of 2,281 hydrogen electric vehicles and operates 10 hydrogen charging stations.

Information on the operating hydrogen charging stations can be found on the Ulsan City website.

A city official said, "Expanding hydrogen electric vehicles and hydrogen charging infrastructure is the beginning of the hydrogen economy era," and added, "We hope for great interest in future vehicles that are both environmentally friendly and economically excellent."

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