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Goyang City Launches EV Subsidy Program for 380 Vehicles
Consumer Durables · Motor Vehicles · yonhap_finance · 2026-09-11
Goyang City has announced a 2.7 billion won subsidy program to support the purchase of 380 electric vehicles, including passenger cars and trucks.
What Happened
Program Overview: Goyang City is allocating 2.7 billion won to subsidize the purchase of 380 electric vehicles this year. The initiative aims to promote eco-friendly transportation by supporting 320 passenger EVs and 60 electric trucks.
Incentive Structure: Additional benefits are available for specific groups, including young first-time buyers, multi-child households, and small business owners. Furthermore, residents who trade in or scrap internal combustion engine vehicles owned for at least three years can receive up to 1.3 million won in conversion subsidies.
Eligibility Requirements: The program is open to individuals, sole proprietors, and corporations that have maintained a registered address in Goyang City for at least 30 days. Subsidy amounts will vary based on vehicle performance and specifications.
Application Timeline: Applications for electric trucks begin on the 21st, while passenger EV applications open on the 29th. Buyers and dealerships are advised to verify the specific schedule for each vehicle type before applying.