Gwangju City Provides Additional Subsidies for 726 Electric Vehicles

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Metropolitan City will provide additional subsidies for electric vehicles.

Gwangsuji announced on the 20th that it will provide additional subsidies for 726 electric vehicles (428 passenger cars and 298 cargo vehicles) to expand the supply of eco-friendly vehicles.

In February, 1,200 vehicles (720 passenger cars and 480 cargo vehicles) were recruited, and additional support will be provided after securing additional budget.

Eligibility requirements include residents registered in Gwangju for more than three months as of the application date, companies and organizations with business sites located in the Gwangju area, and support will be provided in the order of delivery and registration.

The application period is from the 22nd to December 3rd, and the project may end early if the budget is exhausted.

The eligible electric vehicle models include 57 passenger car models and 15 cargo vehicle models, totaling 72 models from 22 companies.

Supported models can be checked through the Ministry of Environment’s Low Emission Vehicle Integrated Website.

The subsidy amount ranges from 5.34 million KRW to 13 million KRW per electric passenger car, and from 9 million KRW to 26 million KRW for electric cargo vehicles, depending on vehicle size.

Among the total volume of passenger and cargo vehicles, 10% is preferentially allocated to vulnerable groups, families with multiple children, first-time vehicle buyers, taxis, and buyers replacing old diesel vehicles. Additionally, 10% of the total volume of electric cargo vehicles is allocated to products produced by small and medium-sized enterprises, with applications accepted until the end of August.

Citizens wishing to purchase electric vehicles can check the city website’s notices or the Low Emission Vehicle Integrated Website, visit the sales office of electric vehicle manufacturers or dealers to sign a purchase contract, and apply through the purchase subsidy support system on the Low Emission Vehicle Integrated Website via the sales office.