EV Subsidy Price Calculator Korea 2026 (national + local subsidy, conversion bonus)

How it works

Price after subsidies = car price − maker discount − national subsidy − local subsidy − conversion bonus. The 2026 conversion bonus is 1,000,000 won from the national budget plus a local top-up (Seoul: 300,000 won) for individuals who scrap or sell a combustion car held for at least 3 years (not to family members) and buy an EV. National subsidies for passenger cars are paid in full below 53 million won, at 50% from 53 to under 85 million won, and not at all from 85 million won — the ministry applies this to the model’s base price, so your listed model subsidy already reflects it. Acquisition tax is not included (see the car acquisition tax calculator).

⚠ Estimates for information only — not financial advice.

FAQ

Where do I find the exact subsidy for my model?

The official EV portal (ev.or.kr) lists the national subsidy for each model and the local subsidy for each city and county. Enter those two numbers here.

Can the subsidy run out?

Yes. Local budgets are first come, first served and can run out during the year, so check the remaining budget for your area before you sign.

Checked 11 Nov 2026. Seoul Metropolitan Government, Media Hub: “전기차 보조금 얼마나 될까? 전환지원금 등 혜택 정리” (20 Jan 2026) — 2026 passenger-car national subsidy caps (mid/large up to 7.54 million won, small up to 6.89 million won), price bands (under 53 million full, 53–85 million 50%, 85 million or more none) and the conversion bonus (national 1,000,000 + Seoul 300,000 won). Model subsidies: Ministry of Climate, Energy and Environment EV portal ev.or.kr.