Goyang, a city in Gyeonggi Province, will roll out its electric vehicle subsidy program ahead of schedule as surging international oil prices have driven a sharp increase in EV demand, exhausting the first-half subsidies earlier than expected.
The city announced Tuesday that it will begin accepting applications for the "second round of the 2026 EV subsidy program" on the 27th, combining the allocation originally planned for the second half with an additional secured budget. The move is a preemptive measure to minimize gaps in EV distribution.
The second-round program will support a total of 1,310 vehicles, comprising 1,050 passenger EVs, 250 electric trucks, and 10 electric buses. Base subsidies will be paid on a tiered basis according to vehicle performance and size. Additional support will be provided to first-time young buyers, families with multiple children, and small business owners.
A conversion incentive aimed at reducing internal combustion engine vehicles is also drawing attention. Individuals who sell or scrap an internal combustion vehicle they have owned for at least three years and then purchase an EV can receive up to 1.3 million won in additional support. Hybrid vehicles are excluded from the program.
Applicants must be individuals, sole proprietors, or corporations who have continuously resided in Goyang for at least 30 days as of the application date. Once a vehicle purchase contract is signed, manufacturers or importers handle the application through the Zero Emission Vehicle Integrated Portal, simplifying the process.
"As oil prices continue to rise, demand for EVs with lower maintenance costs is surging," a Goyang city official said. "By launching the program early, we aim to ease residents' fuel cost burden and take the lead in achieving carbon neutrality."
