RELEASE DATE:2022-12-30 15:09
Brief: In order to improve the atmospheric environment and reduce greenhouse gas emissions, the MOE of South Korea formulated the Electric Vehicle Subsidy Regulations in 2012, which stipulates the performance requirements for vehicles that apply for subsidies for electric vehicle purchases. The regulation wasupdated on average every two years, the latest update was in August 2019. Vehicles that pass the electric vehicle subsidy test can be included in the subsidy catalog of South Korean regulatory agencies. In 2022 financial year, Korean government planned a total amount of 1701 billion won for electric vehicles subsidies, of which 987 billion won is planned for electric passenger vehicle, 574 billion won for electric trucks, and 140 billion won for electric buses.As of December 2022, there are 216 electric vehicle models (including electric passenger cars, trucks and buses) in the subsidy catalog.

LIST OF SUBSIDIZED VEHICLE TYPE MODELS
Since 2016, the ATIC Global Homologation Research Team has continued to track and study thepolicies and regulations of South Korea’s KMVSS, MOE, MOI, and EV Subsidy. ATIC compiled the following list of vehicle models that have listed in government subsidy catalog. As of December 2022, 84 electric passenger vehicles, 45 electric trucks and 87 electric buses, a total of 216 models, were listed in subsidies catalog.
Electric Passenger Car
Passenger Car and Mini Passenger Car-84 Model
Division | Type | Manufacturer/Importer | Car Model | Government Subsidies Amout (Unit: 10000 KRW) Note: 10000 KRW = 60 RMB |
Passenger Car and Mini Passenger Car | Passenger Car | Hyundai Motor | Ioniq 5 2WD Long Range 20 Inch | 700 |
Ioniq 5 2WD long range 19-inch built-in cam not applied | 700 | |||
Ioniq 5 2WD Long Range 19-inch | 700 | |||
Ioniq 5 AWD Range 20 inches | 680 | |||
Ioniq 5 AWD long range 19 inches | 696 | |||
Ioniq 5 2WD Standard 19-inch | 700 | |||
Ioniq 5 AWD Standard 19-inch | 671 | |||
G80 Electrified | 342 | |||
GV60 Standard 2WD 19 inch | 350 | |||
GV60 Standard AWD 19 inches | 349 | |||
GV60 Standard AWD 20 inches | 336 | |||
GV60 Performance AWD 21-inch | 319 | |||
Kia | Niro (HP) | 700 | ||
EV6 Standard 2WD 19-inch | 700 | |||
EV6 Long Range 2WD 20 Inch | 700 | |||
EV6 Long Range 4WD 20 Inch | 700 | |||
EV6 Long Range 2WD 19-inch | 700 | |||
EV6 Long Range 4WD 19-inch | 700 | |||
EV6 Standard 4WD 19-inch | 700 | |||
niro plus | 700 | |||
The all-new Kia Niro EV | 700 | |||
EV6 GT | 310 |
Electric Truck
Electric truck-45 Model
Division | Type | Manufacturer/Importer | Car Model | Government Subsidies Amout (Unit: 10000 KRW) Note: 10000 KRW = 60 RMB |
Electric truck | Microminiature | Smart Solutions | D2P | 600 |
D2C | 600 | |||
Daechang Motors | Danigo 3 | 600 | ||
Danigo 3 Pickup | 600 | |||
Master Electric Vehicle | Master VAN | 600 | ||
Master HIM | 600 | |||
Defico | portro-top | 600 | ||
Port-pickup | 600 | |||
Jinwoo SMC | Potence | 600 | ||
Light | power plaza | Labo Peace | 1,000 | |
small type | Jane Motors | Calmato EV | 1055 | |
power plaza | Bongo 3ev PEACE | 1,034 | ||
Bongo 3ev PEACE Double Cap | 980 |
Electric Bus
Division | Type | Manufacturer/Importer | Car Model | Government Subsidies Amout (Unit: 10000 KRW) Note: 10000 KRW = 60 RMB |
Electric Bus | Medium | Hyundai Motor | County Electric (33-seater v2 for transporting children) | 4,391 |
County Electric (30-seater for transporting children) | 4383 | |||
County Electric (33 seater for child transportation) | 4,391 | |||
county electric | 4,391 | |||
County Electric (town bus) | 5,000 | |||
Woojin childbirth | aro 750 | 4,780 | ||
Apollo 750 (15 seater) | 5,000 | |||
Apollo 750 electric bus | 5,000 | |||
Ibion | E6 | 2539 | ||
E60L6185) | 3,570 | |||
G5 Global | NEW BYD BUS-7 | 4357 | ||
Hanshin Motors | Barnes | 2821 | ||
Viva Mobility | E-Bus 60 (106.2kWh, 303km) | 3,789 | ||
V Bus 60 | 3,791 | |||
Edison Motors | Smart 8.7 | 5,000 | ||
Korean tea | GREENWAY720 | 5,000 |
For more information, please contact ATIC.
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