Icheon-si Provides Up to 11.06 Million KRW Subsidy for Electric Passenger Cars

450 Passenger Cars and 190 Freight Vehicles in the First Half of the Year
32.5 Million KRW Support for 20 Hydrogen Cars

Gyeonggi-do Icheon City will provide subsidies of up to 11.06 million KRW for 450 electric passenger cars in the first half of the year.

On the 11th, Icheon City announced that it will promote the "2024 Eco-friendly Vehicle Distribution Project" with these details to enhance the effect of improving air quality.

To this end, the city will invest 7.4 billion KRW in the first half of the year to support ▲450 electric passenger cars ▲190 electric cargo vehicles ▲20 hydrogen passenger cars. For electric passenger cars, 360 units are allocated for general applicants, 45 units for priority applicants, and 45 units for taxis. The electric cargo vehicles include 38 units for delivery and 19 units for small and medium-sized enterprise products.

The purchase subsidy for electric vehicles is provided differentially according to the vehicle type and options, with ▲passenger cars receiving up to 11.06 million KRW and ▲cargo vehicles up to 19.06 million KRW. Additional subsidies are provided to those who scrap diesel cargo vehicles and purchase electric cargo vehicles, small business owners, taxi operators purchasing electric taxis, and low-income groups below the second-lowest income bracket purchasing electric vehicles. The subsidy for hydrogen passenger cars is a fixed amount of 32.5 million KRW.

Applicants must be individuals aged 18 or older who have had a continuous residence in Icheon City for at least three months as of the application date, or corporations/businesses with workplaces located in Icheon City. When applicants wishing to apply for the purchase subsidy visit car dealerships or agents to sign a purchase contract, the manufacturer or importer applies for the subsidy through the Zero Emission Vehicle integrated website.

For more details, please check the Zero Emission Vehicle integrated website or the announcement on the Icheon City website.

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