Cheonan City Provides Additional Subsidies for Early Retirement of 700 Old Diesel Vehicles

Applications Accepted from May 23 to June 14

Cheonan City, Chungnam Province, is conducting the second round of applications for the early retirement subsidy program for old diesel vehicles.

This project, aimed at reducing fine dust and improving air quality, received its first round of applications in March, providing early retirement subsidies totaling 1.35 billion KRW for 427 vehicles.

The second round of applications, which will be held from the 23rd of this month until the 14th of next month, targets approximately 700 vehicles, including 230 Grade 5 diesel vehicles, 460 Grade 4 diesel vehicles, and 30 forklifts or excavators.

The subsidy amounts are based on the vehicle value table calculated by the Insurance Development Institute. For Grade 5 vehicles, those with a gross weight under 3.5 tons can receive up to 3 million KRW, and those over 3.5 tons up to 40 million KRW. For Grade 4 vehicles, those under 3.5 tons can receive up to 8 million KRW, and those over 3.5 tons up to 100 million KRW. Forklifts or excavators can receive up to 120 million KRW.

For Grade 5 vehicles under 3.5 tons that are cargo or special vehicles unable to install reduction devices, a subsidy of 1 million KRW is available, while other vehicles can receive up to 600,000 KRW within the maximum limit.

Applications can be submitted by mailing the required documents via registered mail or in person through the vehicle emission grade system website. However, early retirement applicants must submit their documents to the Korea Automobile Environment Association.

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