Gyeongju City to Invest 4.3 Billion Won in EV Subsidies... 300 Additional Vehicles Supported

Secured an Additional 2.2 Billion Won in National Subsidies; Applications Accepted from the 18th Until Budget Runs Out

Support for 250 Passenger and 50 Cargo Vehicles; Up to 23.77 Million Won Per Vehicle Depending on Type

Gyeongju City will invest a total project budget of 4,326 million won to provide additional support for 300 electric vehicles.

On May 12, Gyeongju City announced that it will implement the "2026 First Half Additional Electric Vehicle Supply Project" starting from the 18th until the budget is exhausted.

Provided by Gyeongju City Hall

This project is being carried out in response to the recent rise in international oil prices and the increasing demand for eco-friendly transportation, as well as to achieve carbon neutrality and improve air quality.

The additional supply in the first half consists of a total of 300 vehicles: 250 passenger electric vehicles and 50 cargo electric vehicles.

This additional support was made possible as Gyeongju City secured 2.2 billion won in national subsidies for electric vehicle purchase, following the supplementary budget allocation by the Climate Energy and Environment Department.

The support is available to individuals and corporations who newly purchase electric vehicles and register Gyeongju City as their place of use.

Individuals must have been residents of Gyeongju City for at least 90 days prior to the application date.

Applications can be made through the Zero-Emission Vehicle Subsidy Support System, with the application process handled by automobile manufacturers and dealers.

The subsidy amount varies depending on vehicle type and performance. Passenger electric vehicles are eligible for up to 14.15 million won, and cargo electric vehicles for up to 23.77 million won.

Recipients will be selected in the order of vehicle delivery and registration, and the project will close early if the budget is depleted.

Choi Hyukjun, acting mayor of Gyeongju City, stated, "Expanding the supply of electric vehicles is a key policy for realizing carbon neutrality and improving air quality," adding, "We will work to ease the burden on citizens purchasing eco-friendly vehicles and to create a green transportation environment."

Meanwhile, Gyeongju City provided 8,796 million won in purchase subsidies for 540 electric vehicles in 2024, and 15,178 million won for 970 vehicles last year.

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