Yeosu-si Begins Electric Vehicle Purchase Subsidy Support

250 Electric Passenger Cars, 200 Electric Trucks... Up to 13.2 Million KRW and 25.47 Million KRW Support

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Yeosu City, Jeollanam-do announced that it has started the ‘Electric Vehicle Private Supply Project’ from the 16th of this year to reduce fine dust and greenhouse gas emissions.

The support volume includes 250 electric passenger cars and 200 electric cargo vehicles. According to the Ministry of Environment’s differential support policy for each electric vehicle, purchase subsidies of up to 13.2 million KRW for electric passenger cars and up to 25.47 million KRW for electric cargo vehicles are provided.

Eligibility for application includes citizens who have had an address in Yeosu for more than three months as of the application date, and corporations or institutions with headquarters or branches located in Yeosu. Individuals can receive support for one vehicle, while corporations and institutions can receive support for up to three vehicles.

Individuals, corporations, and others wishing to receive electric vehicle purchase subsidies can visit car dealerships to fill out the application form and contract. Afterwards, the dealership applies to Yeosu City.

Selection of recipients and subsidy support are based on the order of vehicle delivery and registration, not the order of application submission.

Also, even if the subsidy application qualification is granted, if the vehicle delivery is delayed, support may not be received, so caution is required.

A city official said, “We plan to expand the supply of eco-friendly vehicles to improve air quality such as fine dust. As the popularity of electric vehicles increases, we ask applicants to apply quickly before the project budget is exhausted.”

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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