Daejeon City to Provide Additional Subsidies for 672 Electric Vehicles This Year

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will increase the number of electric vehicle purchase subsidies by 6,731 units this year.

The city recently secured an additional 17.041 billion KRW in electric vehicle subsidies through a supplementary budget, raising the subsidy target from the original 6,059 units (5,288 passenger cars and 771 cargo vehicles) to 6,731 units (5,648 passenger cars, 1,073 cargo vehicles, and 10 electric vans), the city announced on the 17th.

The subsidies are provided differentially by vehicle type based on performance factors such as fuel efficiency, driving range, and energy efficiency, combining national and city subsidies. The maximum subsidy per vehicle is 12 million KRW for electric passenger cars and 28.4 million KRW for electric cargo vehicles.

Additionally, electric taxis receive an extra subsidy of 2 million KRW, and low-income groups and small business owners receive an additional 10% of the national subsidy amount.

This year, newly included in the additional support targets are children's school transport vehicles (vans). These vehicles can receive an extra 5 million KRW in national subsidies per vehicle.

Applications can be made by individuals or corporations who have continuously resided in Daejeon for at least 90 days prior to the application date and have signed a purchase contract for an electric vehicle through the vehicle manufacturer or importer.

However, those who have received electric vehicle subsidies within the past two years are excluded from eligibility.

The application period runs until September 12, but applications may close early if the budget is exhausted. The city plans to select final subsidy recipients based on the order of vehicle delivery and registration.

If the vehicle is not delivered within three months after applying for purchase support, the selection may be canceled, so it is important to consider the delivery period when applying.

Baek Gye-gyeong, Head of the Fine Dust Response Division of the city, said, "We ask for the citizens' great interest and participation in the electric vehicle distribution project."

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