Daejeon City Expands Early Retirement Support for Old Diesel Vehicles

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is expanding the early retirement support targets for old diesel vehicles.

The city announced on the 21st that starting this year, diesel vehicles with emission grade 4 (without particulate matter reduction devices) other than grade 5, and road-use three types of construction machinery such as dump trucks, concrete mixer trucks, and concrete pump trucks manufactured under emission standards applied before September 2009, as well as forklifts and excavators, will be included in the early retirement support targets.

Support is available for vehicles currently registered in Daejeon or those whose primary place of use has been registered in Daejeon for more than six consecutive months within the air quality management zone.

The subsidy rate is 50% of the vehicle's standard value upon retirement for passenger cars under 3.5 tons gross weight (5 seats or fewer), and 70% for other vehicles as the basic support.

Additionally, when registering a new or used vehicle with emission grade 1 or 2 instead of a diesel vehicle after retirement, the remaining amount beyond the basic subsidy will be additionally supported, and when registering a new zero-emission vehicle such as electric or hydrogen, an additional 500,000 KRW will be supported within the upper limit.

For diesel vehicles over 3.5 tons and the three types of road-use construction machinery, 100% of the vehicle's standard value is provided as basic support upon retirement, and when purchasing a new vehicle that meets the conditions, 200% of the vehicle's standard value is additionally supported, while 100% is supported when purchasing used.

Applications for early retirement subsidies can be made from the 21st of this month until the budget is exhausted (approximately 7,200 vehicles with 12.8 billion KRW) via ▲Internet (Automobile Emission Homepage) ▲Registered mail (Korea Automobile Environment Association).

The city asks applicants to check the announcement posted on the city website in advance, considering that subsidies vary depending on gross weight over or under 3.5 tons, vehicle type for retirement and new purchase, and subsidy limits.

For further inquiries, information can be obtained through the Daejeon City Hall Fine Dust Response Division and the Korea Automobile Environment Association.

Baek Gye-gyeong, head of the Fine Dust Response Division of the city, said, “Starting this year, the early retirement support target is expanded to grade 4 vehicles,” and urged citizens to actively participate in the early retirement of old diesel vehicles.

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