This program aims to support subsidiary, 80% of the equivalent vehicle price (90% for low-income classes) for scrapping an old vehicle in order to reduce the emissions from an old vehicle as a key factor of causing air pollution, protecting nation’s health and creating a fresh air environment.
If the vehicle registered in the emissions control area for at least 2 consecutive years is at least 7-year long diesel-fueled vehicle without a previous record of reducer installation of engine calibration and also is able to meet the emissions requirements while driving, the owner of that vehicle is eligible to be supported with the subsidiary for early scraping from the local government.
|1st half 2015||2nd half 2015|
|Vehicle||If the performance of early scrapping is satisfactory (if achieved the target planned for the 1st half year)||A vehicle manufacture red before December 31, 2000 (should be confirmed through the vehicle registration)||A vehicle manufacture red before December 31, 2000|
|If the performance of early scrapping is poor (if failed to achiev the target planned for the 1st half year||A vehicle manufacture red before June 30, 2002|
※ The subsidiary for early scrapping is for private capital; therefore, the official vehicle is exempted from scarping subsidiary in accordance with 「Article 22 of Act on the Budgeting and Management of Subsidies」.
Supports are offered within the limits as shown in the following table based on the equivalent value of a vehicle calculated by Korea Insurance Development Institute on a quarterly basis based upon the vehicle model and year (However, additional 10% of each support rate is to be supported to low-income classes).
(Unit: KRW 10,000)
|Vehicle Type||Vehicles manufactured before December 31, 2000||Vehicles manufactured from January 1, 2001 to June 30, 2002||Vehicles manufactured from July 1, 2002 to December 31, 2005|
|Max.||Support Rate||Max.||Support Rate||Max.||Support Rate|
|~ 3.5 tons||None||100%||165||85%||150||85%|
|3.5 tons ~ 6,000cc||440||400|
|3.5 tons ~6,000cc ~||770||700|
※ Supports for 2015 are limited to those vehicles manufactured before June 30, 2002.
※ Low-income class: Refers to a self-employer who receives less than KRW 24 million for total income, a worker who receives less than KRW 36 million for annual salary (issued by the local tax office)