2026
Korea EV Subsidy by Region
National subsidy up to ₩650M (full for cars under ₩55M, 50% for ₩55M-₩85M, none over ₩85M) plus regional local incentives. Total amount = national + local.
Local subsidy by region(17 regions)
Region
Local (₩M)
Total* (₩M)
Seoul
180
830
Busan
230
880
Daegu
200
850
Incheon
350
1,000
Gwangju
390
1,040
DaejeonAmong the highest in metro cities — budget may run out fast
700
1,350
Ulsan
250
900
Sejong
400
1,050
GyeonggiVaries 200-500 by city/county. Average shown.
350
1,000
GangwonVaries 500-1,000 by city/county.
700
1,350
Chungbuk
600
1,250
Chungnam
650
1,300
Jeonbuk
700
1,350
Jeonnam
750
1,400
Gyeongbuk
600
1,250
Gyeongnam
400
1,050
Jeju
350
1,000
*1 Total = national subsidy ₩650M (cars under ₩55M) + local subsidy.
Subsidy by EV model(19 models)
Model
Price (₩M)
National
Avg Total*2
HyundaiCasper Electric
2,740~2,990
650
1,109
KiaEV3
4,208~4,945
650
1,109
KGMTorres EVX
4,260~4,860
650
1,109
HyundaiIoniq 5
4,855~5,755
650
1,109
KiaEV6
4,870~6,750
650
1,109
VolvoEX30
4,900~5,800
650
1,109
TeslaModel 3
5,199~6,499
650
1,109
HyundaiIoniq 6
5,200~6,135
650
1,109
TeslaModel Y
5,299~6,699
650
1,109
PolestarPolestar 2
5,590~6,890
325
784
GenesisGV60
6,290~7,710
325
784
HyundaiIoniq 9
6,700~8,000
325
784
BMWi4
6,950~9,270
325
784
KiaEV9
7,370~8,540
325
784
Mercedes-BenzEQE
9,990~12,390
—
—
TeslaModel S
11,399~14,199
—
—
TeslaModel X
13,399~16,199
—
—
PorscheTaycan
14,430~28,860
—
—
Audie-tron GT
14,930~21,370
—
—
*2 Avg total = national + average local subsidy across 17 regions (≈₩459M). Use the table above for region-specific amounts.
Quick lookup: top 5 EVs × major regions
| Model | Seoul | Busan | Daegu | Incheon | Gyeonggi |
|---|---|---|---|---|---|
| Casper Electric 2,740~2,990만원 | 830 | 880 | 850 | 1,000 | 1,000 |
| EV3 4,208~4,945만원 | 830 | 880 | 850 | 1,000 | 1,000 |
| Torres EVX 4,260~4,860만원 | 830 | 880 | 850 | 1,000 | 1,000 |
| Ioniq 5 4,855~5,755만원 | 830 | 880 | 850 | 1,000 | 1,000 |
| EV6 4,870~6,750만원 | 830 | 880 | 850 | 1,000 | 1,000 |