As international oil prices rise, many people want to apply for electric vehicle subsidies. We will provide detailed information on how to apply for electric vehicle subsidies in 2024, amounts for each vehicle type, and subsidies for each local government. If you are applying for the first time, it may be a bit difficult, so please check the information below carefully and receive the electric vehicle subsidy without any problems.
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Eligible for electric vehicle subsidies in 2024
This includes individuals, corporations, public institutions, local governments, and local public enterprises, excluding central administrative agencies. Additionally, local governments that provide local subsidies in addition to national subsidies may impose qualification conditions such as residence within the relevant local government.
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Conditions for electric vehicles eligible for electric vehicle subsidies in 2024
To receive electric vehicle subsidy support, you must meet the following conditions:
This is a vehicle that has completed all various certification procedures related to automobiles in accordance with related laws such as the “Automobile Management Act,” “Air Quality Conservation Act,” and “Noise and Vibration Control Act.”
This is a vehicle that satisfies the evaluation items and standards for electric vehicles according to the “Regulations on Evaluation of Electric Vehicle Distribution Targets.”
If you are having difficulty checking whether your electric vehicle meets the conditions for electric vehicle subsidy support, we recommend that you view the list of vehicles supported by electric vehicle subsidy directly through the page below.
✅ View list of electric vehicle subsidy vehicles
Electric vehicle subsidy amount by vehicle type
You can check the subsidy amount for each electric vehicle model through the page below.
✅ Check electric vehicle subsidies by vehicle type
You can also check the amount of electric vehicle subsidies provided by local government.
✅ Check electric vehicle subsidies by local government
2024 Electric Vehicle Subsidy Application Method and Procedure
We will explain the process for applying for the 2024 electric vehicle purchase subsidy.
Manufacturer/importer prepares application documents
Receive a copy of the support application form, purchase contract, resident registration certificate, business registration certificate, and corporate register copy (within 30 days from the date of issuance) from the buyer and enter them into the emission-free vehicle purchase subsidy system (https://ev.or.kr).
✅ Apply for electric vehicle subsidy
Application for support received
We receive and review applications from manufacturers and importers.
Qualification
If there are no defects in the support application or if supplements are completed, you will be eligible for subsidy support.
Request to confirm applicant eligibility
Once the manufacturer/importer confirms the delivery schedule for the buyer’s vehicle that has received ‘qualification’, a request is made to the manufacturer/importer to confirm whether subsidy support is available.
Selection of recipients
Recipients are selected based on whether they can receive subsidies. (Vehicles that can apply for payment within 10 days after shipment)
If subsidy payment is impossible due to budget exhaustion or achievement of supply target, cancellation of application or selection of recipient is not possible.
✅ Check the rating of old cars
Payment request (shipment)
The manufacturer/importer submits documents proving vehicle shipment.
Attach and submit the buyer’s shipping proof documents (payment application, vehicle registration certificate, tax invoice, manufacturer/importer’s business registration certificate, manufacturer/importer’s bankbook copy, and other required documents).
If the target selection method is based on the order of delivery registration, it will be displayed as shipped on the comprehensive zero-emission vehicle website.
Payment application received
The manufacturer/importer accepts payment requests.
Waiting for payment
Review payment application documents.
If payment documents are insufficient, review of payment documents, request for supplementation, review of supplementary requests, etc. may be conducted.
Payment completed
The subsidy requested by the manufacturer/importer is deposited into the relevant account.
Payment confirmation
The manufacturer/importer confirms the deposit details from Seoul City.
Final completion
The final completion process is made after the manufacturer/importer confirms the subsidy payment.
2024 Electric Vehicle Subsidy Call Center Inquiry
☎ 1661-0970