Sangju City to Distribute 265 Electric Vehicles This Year... Support Budget Tripled Compared to Last Year

Support up to 14 million KRW for passenger cars, 27 million KRW for cargo trucks, and 3.6 million KRW for electric two-wheelers

Teaser image of the exterior of IONIQ 5, the first model of IONIQ, Hyundai Motor Company's dedicated electric vehicle brand unveiled on January 13. [Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Sangju City in Gyeongbuk announced that it will invest a budget of 3.6 billion KRW, tripled compared to last year, to drastically improve the local air environment by distributing a total of 265 electric vehicles and electric two-wheelers.

The electric vehicle support project for the private sector is considered a representative policy to accelerate and realize a carbon-neutral society in the region, along with hydrogen vehicles, in response to the upcoming major shift to eco-friendly mobility.

Along with this, Sangju City plans to secure additional chargers this year by signing a business agreement with Korea Electric Power Corporation and Korea Environment Corporation to expand electric vehicle charging infrastructure.

The electric vehicles to be distributed are those eligible for subsidies from the Ministry of Environment. For passenger cars, up to 14 million KRW is supported, for cargo vehicles up to 27 million KRW, and for electric two-wheelers up to 3.6 million KRW.

The application period is from the 22nd until the budget is exhausted. Eligibility includes citizens aged 18 or older who have resided in Sangju City for more than three months from the announcement date, as well as corporations and public institutions located in the region. A separate allocation of vehicles will be prioritized for socially vulnerable groups, multi-child families, first-time vehicle buyers, and those purchasing vehicles with high fine dust reduction effects.

Mayor Kang Young-seok of Sangju said, "We will expand subsidies for purchasing eco-friendly vehicles in the future to foster the awareness that climate and environmental issues are matters for individual citizens rather than just national concerns, thereby proactively responding to climate change issues and doing our best to create an eco-friendly city free of fine dust."