INTIEAKorea · Tax reduction per vehiclePolicyIn force

Tax reduction per vehicle

- Tax reduction per vehicle (2016, 2017) (unit : KRW) BEV ~4,000,000, PHEV ~2,700,000, HEV ~2,700,000, FCV ~7,200,000 .5405 fast chargers have been installed nationwide so far. The Ministry of Knowledge Economy has recently pledged that EV buyers would be exempted from taxes…

Last changed 12 months ago.

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Country / jurisdiction: Korea · Year: 2012 · Status: In force · Level: National · Type: Voluntary

- Tax reduction per vehicle (2016, 2017) (unit : KRW)

BEV ~4,000,000, PHEV ~2,700,000, HEV ~2,700,000, FCV ~7,200,000 .5405 fast chargers have been installed nationwide so far. The Ministry of Knowledge Economy has recently pledged that EV buyers would be

exempted from taxes worth up to KRW 4.2 million (US$3,600) from 2012. Additionally,

all-electric car buyers will receive: a 5% reduction in the special consumption

tax, which also covers the education tax; a 7% cut in acquisition tax; and an additional

discount of up to 20% automobile bond purchases.

Source

https://www.iea.org/policies/3280

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