We would like to find out about the status of electric vehicle subsidies in 2024. Check the subsidy guidelines confirmed by the Ministry of Environment and the government subsidy amount for each vehicle type. You can receive a subsidy of up to 6.9 million won for domestically produced electric passenger vehicles. You must receive these benefits unconditionally, right?
Go to 2024 Electric Vehicle Subsidy Support
Thumbnail of electric vehicle subsidy 2024 status and subsidy status by vehicle type
Purpose of Electric Vehicle Subsidy 2024
The Ministry of Environment has finalized new subsidy processing guidelines to expand the distribution of electric vehicles. The main reason is to promote the distribution of high-performance and safe electric vehicles, and the goal is to improve eco-friendliness. We are making efforts to encourage manufacturers to improve after-sales service and charging conditions for electric vehicles and to improve accessibility to electric vehicles for economically disadvantaged groups, young people, and small business owners.
Electric Vehicle Subsidy 2024 Application Process
Zero-emission vehicle integrated website homepage
The Ministry of Environment calculated the subsidy by collecting the necessary supporting documents for domestic and imported electric vehicles. The confirmed subsidy guidelines and government subsidies for each vehicle type can be checked on the ‘Emission-Free Vehicle Comprehensive Website’ site.
The approximate application process is as follows.
Announcement of distribution project → Electric vehicle purchase contract → Application for electric vehicle purchase support → Selection/notification of electric vehicle purchase support recipients → Vehicle shipment and registration → Electric vehicle purchase subsidy application → Subsidy payment
Electric vehicle subsidy 2024 status and subsidy status by vehicle type1
Electric vehicle subsidy 2024 support amount by vehicle type
Additional incentives were reflected in proportion to the vehicle price discount, and the electric vehicle subsidy amount by vehicle type in 2024 is as follows. Please check to see if there is a vehicle that suits you. They are divided into passenger and compact electric vehicles, electric trucks, and electric vans.
Electric vehicle subsidy 2024 status and subsidy status by vehicle type 2
Electric vehicle subsidy 2024 status and subsidy status by vehicle type3
Electric vehicle subsidy 2024 status and subsidy status by vehicle type 4
Electric vehicle subsidy 2024 status and subsidy status by vehicle type 5
Electric vehicle subsidy 2024 status and subsidy status by vehicle type6
Electric vehicle subsidy 2024 status and subsidy status by vehicle type7
Electric vehicle subsidy 2024 status and subsidy status by vehicle type8
Electric vehicle subsidy 2024 status and subsidy status by vehicle type9
Electric vehicle subsidy 2024 status and subsidy status by vehicle type10
Things to check before applying for the Electric Vehicle Subsidy 2024
Before receiving a purchase subsidy, you must check whether you meet the conditions to receive support. If you don’t receive the subsidy, you’ll be spending a lot of your own money.
Check eligibility for subsidy support
Check subsidized vehicles
Check the documents required for application
Check application period and remaining budget
Check follow-up management and maintenance conditions
Check whether environmental standards are met