Incheon City to Supply Additional 781 Electric Cargo Trucks and Buses in Second Half of Year... Subsidies Total 10.4 Billion Won

Incheon City will supply an additional 781 electric vehicles, including electric cargo trucks, in the second half of this year to improve air quality and promote the use of eco-friendly electric vehicles.

The city plans to provide subsidies totaling 10.4 billion KRW for all 781 vehicles, including 445 electric cargo trucks, 28 buses, and 308 two-wheelers. The maximum subsidy per vehicle type is set at 18 million KRW for small cargo trucks, 80 million KRW for large buses, and 3 million KRW for large two-wheelers.

In the first half of this year, the city planned to supply a total of 3,112 vehicles, including 1,782 electric cargo trucks, 98 buses, and 1,232 two-wheelers. As of last month, the supply rate was 100% for buses and 89% (1,596 units) for cargo trucks.

Since most of the first half's target volume has been exhausted, the city decided to provide additional supply to reflect excess demand in the second half. The supply volume for two-wheelers was adjusted in line with the full-scale promotion of shared battery stations in the second half.

Going forward, the city plans to coordinate with the Ministry of Environment to identify vehicle demand in advance with manufacturers and importers and secure additional national subsidies.

Incheon Eco-friendly Electric Bus
[Photo by Yonhap News]

Vehicles registered as electric vehicles include 203 models from 84 manufacturers and importers. Buyers interested in purchasing electric vehicles can check and apply for various models through the Zero-Emission Vehicle Integrated Website.

An official from Incheon City stated, "Although overall demand for electric vehicle purchases has somewhat slowed this year, demand for small cargo trucks is still increasing," adding, "We will allocate subsidies according to purchase demand."

Meanwhile, the target volume for passenger electric vehicles this year is 10,080 units, with a supply rate of 17% as of last month. The subsidy per vehicle is 10.3 million KRW.

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