Incheon City to Distribute 1,400 Electric Two-Wheelers This Year... Purchase Price Supported by 10-60%

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 21st that it plans to distribute 1,407 eco-friendly electric two-wheelers this year.

This is a 23% increase from last year's 1,222 units, with a project budget of 2.5 billion KRW. Subsidies will be provided at different rates: 60% for general use, 20% for corporations and institutions, and 10% for delivery use.

To address complaints about early closures and expand opportunities for applications, the city will announce the project twice, in this month and July, and accept subsidy applications. Anyone aged 16 or older holding a motorbike license who has resided in Incheon for more than 30 days can apply.

Individuals and organizations wishing to purchase electric two-wheelers must first sign a purchase contract with the manufacturer or importer and then submit a subsidy application form through the integrated zero-emission vehicle website (www.ev.or.kr).

Incheon City has steadily expanded its electric two-wheeler distribution project since starting with 53 units in 2018.

By distributing 647 units in 2019, 687 units in 2020, and 1,222 units last year, the total number of electric two-wheelers registered in Incheon now reaches 2,606. This accounts for 3.2% of the total 8,361 two-wheelers.

An Incheon City official stated, "The transition from internal combustion engine vehicles to eco-friendly vehicles is accelerating," adding, "We will actively support the purchase of electric two-wheelers to achieve the early distribution of 50,000 electric vehicles in Incheon by 2025."

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