Electric Vehicle Subsidy Information on the 2024 electric vehicle purchase subsidies. We would like to inform you that information on electric vehicle subsidies determined for 2024 has been released. The size of this subsidy depends primarily on the type of vehicle, battery capacity, and type of information collection device.
Accordingly, we want to investigate which manufacturers and which models can receive the largest subsidies.
Electric Vehicle Subsidy 2024 Electric Vehicle Purchase Subsidy Eligible for Payment
Electric Vehicle Subsidy 2024 Electric Vehicle Purchase Subsidy Eligible for Payment
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2024 Electric Vehicle Purchase Subsidy
Electric Vehicle Subsidy 2024 (National Treasury Subsidy)
Kia Motors EV6 electric vehicle subsidy
Hyundai Ioniq 5
Hyundai Ioniq 6
Electric truck subsidy
Electric van subsidy
Electric vehicle subsidy 2024 (subsidy by region)
Electric vehicle subsidy application process
Description of vehicle types eligible for purchase subsidy payment
Good car information to look at together
2024 Electric Vehicle Purchase Subsidy
On February 20, 2024, the Ministry of Environment officially announced ‘national subsidy’ guidelines for the purchase of electric vehicles. This specifies the portion of the electric vehicle purchase subsidy supported at the national level, and information related to the ‘local government subsidy’ supported by each local government for 2024 has not yet been determined.
Detailed information such as subsidy eligibility requirements, exclusions, and support amounts for each vehicle can be found in the post below.
Electric vehicle subsidy amount for each vehicle
Electric Vehicle Subsidy 2024 (National Treasury Subsidy)
National subsidies for the purchase of electric vehicles range from a minimum of 1.63 million won to a maximum of more than 100 million won.
Subsidies for Passenger Cars and Micro Electric Vehicles Among passenger cars and compact electric vehicles, the models that can receive the highest subsidies are Kia’s ‘EV6 Series’ and Hyundai’s ‘Ioniq 5 Series’ and ‘Ioniq 6 Series.’
Kia Motors EV6 electric vehicle subsidy
Kia Motors EV6 electric vehicle subsidy
Kia Motors EV6 electric vehicle subsidy
Check EV6 pricing information
If you select a photo, you can see detailed information about the EV6 on Kia Motors’ website.
Vehicle Type Electric Vehicle National Treasury Subsidy
EV6 Standard 2WD 19-inch 6.75 million won
EV6 Long Range 2WD 20-inch 6.83 million won
EV6 Long Range 4WD 20-inch 6.61 million won
EV6 Long Range 2WD 19 inch 6.84 million won
EV6 Long Range 4WD 19 inch 6.84 million won
EV6 Long Range 4WD 19 inch 6.49 million won
Hyundai Ioniq 5
IONIQ 5 electric vehicle subsidy
IONIQ 5 electric vehicle subsidy
Check Ioniq 5 price information
Vehicle Type Electric Vehicle National Treasury Subsidy
Ioniq 5 2WD standard 19 inch 6.3 million won
Ioniq 5 AWD standard 19 inch 6.06 million won
Ioniq 5 2WD long range 19 inch 6.9 million won
IONIQ 5 2WD long range 19-inch built-in cam not applied 6.9 million won
Ioniq 5 2WD long range 20 inches 6.73 million won
IONIQ 5 AWD long range 19 inch 6.73 million won
IONIQ 5 AWD long range 20 inches 6.45 million won
Hyundai Ioniq 6
Hyundai Motor Company IONIQ 6 electric vehicle subsidy
Hyundai Motor Company IONIQ 6 electric vehicle subsidy
Check Ioniq 6 price information
Vehicle Type Electric Vehicle National Treasury Subsidy
Ioniq 6 2WD standard 18 inch 6.84 million won
Ioniq 6 2WD long range 18 inches 6.9 million won
Ioniq 6 2WD long range 20 inches 6.9 million won
IONIQ 6 AWD long range 18 inches 6.9 million won
IONIQ 6 AWD long range 20 inches 6.71 million won
You can check the amount of government subsidies for other vehicles such as BMW, Mercedes-Benz, and Tesla through the link provided below.
Check government subsidies for each vehicle in 2024
Electric truck subsidy
There are many models of electric cargo vehicles that receive government subsidies of more than 10 million won.
Hyundai Porter 2: 10.5 million won
Kia Bongo refrigerated truck: KRW 12.61 million
Iljin Precision Refrigerated Truck: KRW 9.16 million ~ KRW 13.06 million
Daechang Motors Danago R: KRW 10.55 million ~ KRW 11.47 million
Autech Mushi-dong electric refrigerated truck: KRW 11.18 million
In addition, you can directly check subsidy information for various trucks.
Confirmation of government subsidies for electric trucks in 2024
Electric van subsidy
In the field of electric vans, there are vehicles that can receive government subsidies worth more than 100 million won.
Hyundai Elec City double-decker bus: KRW 119,000,000
Hyundai County Electric: KRW 40,000,000
In addition, you can check subsidy information for various electric vans.
Confirmation of government subsidies for electric vans in 2024
Electric vehicle subsidy 2024 (subsidy by region)
In addition to government subsidies, you can also receive local government subsidies supported by each local government. The final details of local government subsidies for 2024 have not yet been announced, but it is expected that there will not be much change from the subsidy support for 2023. Detailed information on local government subsidies for 2023 can be found in the post below.
Check electric vehicle subsidies by region 2024
Electric vehicle subsidy application process
The 2024 electric vehicle subsidy application process is as follows.
Announcement of subsidy project by local government
Conclusion of electric vehicle purchase contract
Submit application for electric vehicle purchase support
Selection and notification of beneficiaries for electric vehicle purchase support
Vehicle delivery and registration (within 2 months)
Submit application for electric vehicle purchase subsidy (within 10 days of delivery and registration)
Subsidy payment (within 14 days)
You will apply for a subsidy through a total of 7 steps.
Buyers of electric vehicles must pay the difference between the vehicle price and the subsidy to the vehicle manufacturer or importer.
Description of vehicle types eligible for purchase subsidy payment
On the comprehensive zero-emission vehicle website website, you can check the basic specifications of electric vehicles eligible for subsidies in 2024 and the contact information of the seller.
Vehicle types eligible for electric vehicle purchase subsidies
Vehicle types eligible for electric vehicle purchase subsidies
Through this website, you can check the basic performance of the vehicle, subsidy information, and the seller’s contact information at a glance.
Go to the comprehensive zero-emission vehicle website
This 2024 electric vehicle subsidy information may influence the decisions of those considering purchasing an electric vehicle.
Electric vehicle subsidies fluctuate every year depending on the rate of vehicle use. This supports the expectation that subsidies may gradually decrease in the future, so we would like to emphasize that careful choices must be made when purchasing an electric vehicle.
This was a post related to the 2024 electric vehicle purchase subsidy.