Daejeon City Increases Subsidies for Electric Vehicle Fast Charger Installation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 21st that it will increase the subsidies provided to private businesses installing electric vehicle fast chargers.

This year, the city's subsidy rate will be raised from 25% to 35%, thereby reducing the private business's self-payment ratio from 25% to 15%. The subsidy supported by the Korea Energy Agency remains at 50%, the same as last year.

The subsidy varies according to the charger's capacity, with a maximum of 12.25 million KRW for 50kW and up to 30.10 million KRW for 200kW.

For example, based on a 50kW charger with a total installation cost of 35 million KRW, if the Energy Agency supports 50%, the city supports 35%, and the business bears 15% amounting to 5.25 million KRW, the installation of an electric vehicle fast charger becomes feasible.

Subsidy applications can be made by private businesses that secure space to install fast chargers at local gas stations, convenience stores, restaurants, parking facilities, multi-use facilities, etc., and are selected as support recipients under the Energy Agency’s ‘Electric Vehicle Charging Service Industry Promotion Project.’

Private charging businesses can apply to the Korea Energy Agency, complete the installation of fast chargers, obtain an installation confirmation certificate, and then submit a subsidy application to the city. After on-site verification, the subsidy will be provided.

Applications must be submitted by registered mail to the Electric Vehicle Charger Officer at the Fine Dust Response Division of City Hall.

For more details, please refer to the announcement posted on the city’s website or contact the Fine Dust Response Division at City Hall for guidance.

Im Yang-hyeok, head of the Fine Dust Response Division, said, "We hope that the support for electric vehicle fast charger installation costs will reduce the burden on charging businesses wishing to install chargers and enhance the convenience of charging for citizens using electric vehicles.”

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