Gwangju Offers Electric Vehicle Subsidies for Residents

Gwangju Metropolitan City has announced a subsidy program to encourage the adoption of electric vehicles among its residents. The initiative aims to distribute a total of 413 electric vehicles across the city's five districts: Dong, Seo, Nam, Buk, and Gwangsan.

The allocation includes 360 electric passenger cars, 50 electric trucks, and 3 large electric buses. This program follows two previous phases earlier in the year, during which Gwangju had already distributed 2,643 electric vehicles.

Eligibility for the subsidy requires applicants to have been residents of the designated districts for at least 30 days prior to the application date, or to have a registered business in the area. To manage the expected influx of applications and prevent system overload, the city has staggered the application periods. Residents wishing to apply for electric car subsidies can do so starting at 10 a.m. on July 20th. Applications for electric trucks and buses will open at the same time on July 24th.

The subsidy amounts vary based on vehicle type, performance, and size, combining national and local government funding. Electric sedans can receive up to 7.54 million won, electric trucks up to 13.65 million won, and large electric buses up to 91 million won. Additional support is available for specific groups, including low-income households, small business owners, farmers, first-time young buyers (ages 19-34), commercial electric taxis, and families with multiple children.