Gyeongnam Province Rolls Up Sleeves to Reduce Fine Dust... 10,000 Electric Vehicles Distributed

Up to 10 Million KRW Support for Passenger Cars, 17 Million KRW for Freight Trucks, and 85 Million KRW for Buses

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju-cheol In] Gyeongsangnam-do has rolled up its sleeves to reduce fine dust, which causes cancer and respiratory diseases.

On the 11th, Gyeongsangnam-do announced plans to supply 10,000 electric vehicles this year to improve air quality.

The goal for this year is to supply about 7,000 passenger cars, 2,000 cargo trucks, and 100 buses. This is approximately 4,100 more vehicles than the 5,852 supplied last year. To achieve this, national and provincial subsidies will be provided differentially.

For electric vehicle purchases this year, national and provincial subsidies will provide up to 10 million KRW for passenger cars, including a maximum of 7 million KRW from the national government and 3 million KRW from the provincial government. Buses will receive 70 million KRW from the national government and 15 million KRW from the provincial government, while small cargo trucks will receive 14 million KRW from the national government and 3 million KRW from the provincial government as differential subsidies.

Gyeongsangnam-do explained that considering these national and provincial subsidies, each city and county will set their own subsidies to determine the total subsidy amount per vehicle. Since subsidies vary by city and county, electric vehicle buyers should check the announcements on each city and county’s official website.

As in the previous year, Gyeongsangnam-do will provide an additional national subsidy of 2 million KRW for electric taxi purchases and an additional 10% national subsidy for passenger car purchases by low-income households. It also added that a 10% additional national subsidy will be provided for small business owners purchasing electric cargo trucks.

Starting this year, subsidies from local governments will be reduced by 50% when corporations and institutions purchase electric vehicles, and an additional 5 million KRW from the provincial government will be provided for public transportation bus purchases.

Electric vehicle subsidies can be applied for by buyers who sign a purchase contract with automobile manufacturers or importers through the ‘Zero-Emission Vehicle Purchase Subsidy Support System.’ Vehicles eligible for electric vehicle subsidies can be viewed on the ‘Zero-Emission Vehicle Integrated Homepage.’

Heo Dong-sik, Director of the Urban Transportation Bureau, said, “We have expanded the electric vehicle supply project to gradually convert vehicles operating in the province to eco-friendly vehicles. Going forward, we will expand subsidy support for the purchase of public transportation vehicles and cargo vehicles, which emit a lot of air pollution, to reduce greenhouse gas emissions.”

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