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Easing Electric Vehicle Purchases: Busan Metropolitan City to Supply an Additional 1,520 Electric Vehicles in the Second Half of the Year

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Busan Metropolitan City, led by Mayor Chun Jae-soo, announced that it will launch an additional round of the 2026 Electric Vehicle Private-Sector Deployment Program to meet demand for electric vehicles.

The second-half allocation previously made available was exhausted early due to high demand, prompting the city to provide additional vehicles in response to continued demand.

The city plans to supply a total of 1,520 additional electric vehicles by investing KRW 3.2 billion in municipal funds and KRW 10.3 billion in national funds secured through a supplementary budget and other sources.

By vehicle type, the additional allocation consists of 1,300 electric passenger vehicles and 220 electric cargo vehicles.

Applications will be accepted sequentially by vehicle type, beginning October 7 for electric cargo vehicles and October 14 for electric passenger vehicles.

Demand for electric vehicles has increased significantly in recent years due to fluctuations in international oil prices, relatively low maintenance costs, and growing environmental awareness.

In July, the city sought to supply 2,790 electric passenger vehicles and 471 electric cargo vehicles as part of its second-half allocation, but applications surged and the program closed early within the same month.

In particular, the number of electric vehicle applications this year was more than twice that of last year.

In preparation for applications being concentrated within a short period following the additional allocation, the city plans to increase staffing and take other measures to ensure smooth processing.

However, as processing delays may occur if a large number of applications are submitted at once, the city is asking applicants to carefully review all relevant information when completing their applications to avoid the need for corrections or supplementary submissions, and to apply with sufficient time to spare.

Further details on applications are available in the Notices and Public Announcements section of the Busan Metropolitan City website at https://www.busan.go.kr/nbgosi.

Mun Jeong-ju, Director-General of the Climate and Environment Bureau, said, “This additional second-half allocation will provide a good opportunity for residents who have been considering switching to electric vehicles.”

“We will work to minimize inconvenience caused by concentrated application volumes and to ensure that residents can receive subsidy benefits when they wish to purchase an electric vehicle,” Mun added.