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  • Seoul Receives Applications for Subsidy with the Goal of Distributing 10,000 Electric Vehicles in 2020

  • Environment & Energy news SMG 4136

    As of the end of 2019, Seoul successfully distributed 20,000 electric vehicles (2009-2019). This year, the city greatly increased the target supply to 10,000 and will start receiving applications for the subsidy on February 17, with the goal of reducing particulate matter and greenhouse gases through the popularization of eco-friendly vehicles.

    The target supply of 10,000 electric vehicles for this year amounts to about 50% of 20,083, the electric vehicles that had been distributed from 2009 to 2019. The target supply includes various types of vehicles—5,805 sedans, 1,600 trucks (600 small, 1,000 extra-small), 1,775 two-wheeled vehicles, 700 taxis, and 120 buses.

    This year, Seoul will invest a budget of KRW 142.3 billion as a subsidy for purchasing electric vehicles. For the target supply of 8,909 assigned to the private sector (5,632 sedans, 587 small trucks, 1,000 extra-small trucks, and 1,690 two-wheeled vehicles), the city will receive applications for the subsidy through the Electric Vehicles’ Portal of the Ministry of Environment (http://www.ev.or.kr) starting on February 17. The electric vehicles that have been released are 25 types of sedans from 10 companies, 9 types of trucks from 7 companies, and 26 types of two-wheeled vehicles from 14 companies. More information, including that on eligible applicants, qualification, and how to apply, is available in the notice posted on the website of the Seoul Metropolitan Government (http://www.seoul.go.kr). The subsidy for the purchase of the electric vehicles that aims to accelerate the distribution will be differentiated according to the types of the vehicles, their functions (fuel efficiency and mileage), and their air quality improvement effect.

    Aside from the subsidy for purchasing, Seoul has prepared other various forms of support. For instance, the city increased the additional support fund from KRW 500,000 (last year) to KRW 700,000 for those who scrap their deteriorated, gas-emission grade 5 vehicles and purchase electric vehicles instead to ameliorate air quality.

    The demand for electric vehicles is steadily increasing as electric vehicles provide users with various benefits, including a tax cut of up to KRW 5.3 million, a 50-percent reduced parking fee in public parking lots, and congestion fee exemption at the Namsan Tunnel, as well as high efficiency which leads to a reduction in fuel expenses.

    For more details related to the distribution of electric vehicles, contact the Electric Vehicle Integrated Call Center at ☎+82-1661-0970 or visit the Electric Vehicles Portal of the Ministry of Environment (http://www.ev.or.kr). On the website, you can search for charging stations not only in Seoul but throughout the country and obtain information in real time about advantages to operating electric vehicles, such as the current management status.