Hapcheon-gun, Early Vehicle Retirement Support Project ... New LPG Cargo Truck Support

Early Scrapping of 745 Vehicles and Purchase of 74 New LPG Cargo Trucks with 1.3 Billion Won

Hapcheon County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon-gun, Gyeongnam Province, is conducting an early retirement support project for old diesel vehicles to reduce air pollutants and fine dust. A total of 1.2 billion KRW will be invested for 745 vehicles.

Additionally, 148 million KRW will be invested to support the purchase of 74 new LPG cargo vehicles.

The early retirement support targets diesel vehicles classified as emission grade 5 or road-use type 3 construction machinery (dump trucks, concrete mixer trucks, concrete pump trucks) manufactured before 2005. Vehicles must have been registered in Hapcheon-gun for more than six months as of the announcement date, and the vehicle ownership period must also exceed six months.

The support amount is calculated by multiplying the support rate by the quarterly vehicle standard value estimated by the Korea Insurance Development Institute, categorized by weight under or over 3.5 tons and construction machinery. For passenger cars with five seats or fewer, 50% of the standard value is provided as the basic subsidy, and an additional 50% subsidy is given when purchasing a new vehicle (an extra 500,000 KRW is provided when purchasing a zero-emission vehicle).

A fixed amount of 2 million KRW is provided when scrapping a diesel vehicle and purchasing a new LPG cargo vehicle.

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