[Sponsored Report] Jeju works to boost electric cars

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[Sponsored Report] Jeju works to boost electric cars

Jeju Island’s provincial government announced plans to support broader use of electric cars on the island, aiming for 4,000 by the end of this year and 15,000 before 2018.

In order to make over 2,000 electric cars available for rental, the provincial government is giving out subsidies of 23 million won ($20,178) per vehicle to the 93 car-rental agencies on the island.

Hoping to replace more than 100 old taxis with new electric cars, the provincial government plans to give cabbies 28 million won in subsidies, which includes getting rid of the fee typically charged to replace an old car. Combined with special offers by the manufacturers of electric cars, the new cabs are available at steep discounts.

To make things easier for electric car owners, the provincial government is supporting the installment of high-speed battery chargers in apartment buildings and public parking lots, as well as portable battery chargers that can be into a conventional electric sockets.

The provincial government is also planning on installing 230 battery chargers, of which 168 are high-speed chargers, at local tourist attractions, public institutions and village halls, as well as along roads frequently traveled.

Other various incentives are also being offered, including additional subsidies on car purchases and the installment of chargers, tax exemptions for drivers (up to 2 million won under the individual consumption tax, 600,000 won under the education tax and 1.4 million won under acquisition tax), a 50 percent discount on parking at public lots and half off electricity bills used to charge cars until 2017.

The provincial government said it will ask for more support from the federal government to swap gasoline-engine cars with electric ones and continuously reflect the opinions of Jeju Island residents in the electric vehicle project. It also announced its goal to replace all gas-powered vehicles with electric cars by 2030.

BY YANG SE-YOUNG (yang.seyoung@joongang.co.kr)

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