Korea EV Subsidy Guide 2026 — National + Regional Breakdown

Updated 2026-06-13 · Reference only, not financial advice. Based on Korean Ministry of Environment 2026 guidelines.

Overview

Korea's EV subsidy system combines national (환경부) and local government (지자체) subsidies. The total amount depends on vehicle type, price, and the buyer's registered region of residence.

National Subsidy — Passenger EVs

• Under ₩55M: Full national subsidy (up to ₩5.5M)
• ₩55M–₩85M: 50% of national subsidy
• Over ₩85M: No national subsidy

National Subsidy — Freight EVs

• Small (≤1 ton): up to ₩14M | Large (>1 ton): up to ₩22M
• Under ₩50M: full amount; ₩50M–₩90M: 50%; over ₩90M: none

National Subsidy — Electric Motorcycles

• Fixed ₩1.5M for vehicles priced under ₩7.5M; none above

Regional Subsidies

Each of Korea's 17 provinces and metropolitan cities provides additional subsidies. Amounts range from ₩2M (Seoul) to ₩8M (Jeju) for passenger EVs. Regional budgets are limited — apply early.

How to Apply

1. Confirm your vehicle model is registered on the EV subsidy eligible list at ev.or.kr.
2. Contact your local government for subsidy availability and application form.
3. Purchase through a registered dealer who handles the subsidy paperwork.
4. Subsidy is deducted from invoice price at time of purchase.

Important Notes

• Regional budgets may be exhausted mid-year — check availability before ordering.
• EV must be registered in the buyer's home region for 2+ years.
• Additional tax incentives: acquisition tax reduction up to ₩1.4M.