As the electric vehicle market continues to grow, many people are considering electric vehicles. In particular, it will be a more meaningful change for early adopters of electric vehicles.
electric vehicle subsidy
Let’s take a look at the complete overhaul of electric vehicle subsidies for 2024 announced by the Ministry of Environment. This reorganization was carried out to further promote the spread of electric vehicles and improve performance, safety, and environmental aspects.
👉 Check electric vehicle subsidies
How to apply for electric vehicle subsidy support
Application Submission Procedure
1. Confirm local government supply project announcements
2. Submit application for electric vehicle purchase and support
3. Selection of purchase target and confirmation of notification
4. Vehicle shipment registration (within approximately 2 months)
5. Subsidy paid after receiving application for electric vehicle purchase subsidy (within approximately one month)
How to apply for electric vehicle subsidies
How to apply
1. Access the comprehensive zero-emission vehicle website homepage
2. Apply for a subsidy for the purchase of a zero-emission vehicle
2024 Electric Vehicle Subsidy
3. Purchase subsidy support and national treasury/local government subsidies can be confirmed
Electric vehicle purchase subsidies
👉 Check 2024 National Treasury Subsidy
documents to be submitted
📌 Application for electric vehicle purchase subsidy support
📌Vehicle Purchase Contract
📌 Copy of resident registration
electric-vehicle-purchase-subsidy-support-application.pdf
0.85MB
Status of electric vehicle subsidies in each region
Region name subsidy (10,000 won)
Seoul Metropolitan City 180
Busan Metropolitan City 300
Daegu Metropolitan City 350
Incheon Metropolitan City 350
Gwangju Metropolitan City 390
Daejeon Metropolitan City 350
Ulsan Metropolitan City 340
Sejong Special Self-Governing City 400
Gyeonggi-do 300~500
Gangwon-do 360
Chungcheongbuk-do 700
Jeollabuk-do 700
Jeollanam-do 620~850
Gyeongsangbuk-do 600~1,100
Gyeongsangnam-do 600~1,150
Jeju Special Self-Governing Province 400
👉 Contact information for electric vehicle personnel in each region
Key contents of 2024 electric vehicle subsidy reform
1. Expansion of performance-oriented support: Support for vehicles with long ranges on a single charge and fast charging speeds will be expanded.
2. Preference for safe and eco-friendly vehicles: Incentives are provided to vehicles that are easy to inspect for safety and use batteries with high recycling value.
3. Strengthening responsibility of manufacturers: Strengthen deposit differentials according to expansion of follow-up management capabilities and charging infrastructure.
4. Strengthening support for the economically vulnerable and small business owners: Induce price reductions through additional subsidies.
Below is the 2024 electric vehicle subsidy reform content file. Be sure to check it out and take advantage of the electric vehicle subsidy.
👇🏻 Download electric vehicle subsidy reform details 👇🏻
Subsidy reorganization to improve electric vehicle satisfaction and eco-friendliness (Press Reference) (Daegi Future 2.6).pdf
0.53MB
Changes to electric vehicle subsidies in 2024
Category Based on 2023 Changes in 2024
Based on vehicle value, lowered from KRW 57 million to KRW 55 million (planned for 2025: KRW 53 million)
Subsidy amount up to 5 million won, up to 4 million won (medium/large), 3 million won (light/small), 2.5 million won (ultra-small)
The 2024 electric vehicle subsidy reform will provide additional benefits based on performance, eco-friendliness, and after-sales service. As a result, the subsidy was adjusted up to 6.5 million won in 2024 compared to 2023.