Starting on the 1st of next month, consumers who buy BYD passenger electric cars from China will not receive government subsidies. This is because BYD failed in the evaluation to select performers (eligible for subsidies) for the electric vehicle supply program, which the government introduced for the first time this year.
The Ministry of Climate, Energy and Environment said on the 30th it will release the list of electric vehicle manufacturers and importers that passed the evaluation to select performers for the electric vehicle supply program. Thirty-five companies applied for the evaluation, and 27 were selected as performers.
In passenger cars, 10 companies passed: ◇ Kia ◇ Renault Korea ◇ Mercedes-Benz Korea ◇ Volvo Cars Korea ◇ BMW Korea ◇ KG Mobility ◇ Tesla Korea ◇ Volkswagen Group Korea ◇ Polestar Automotive Korea ◇ Hyundai Motor.
In trucks, nine companies made the list: ◇ Kia ◇ DPICO ◇ Route17 ◇ Autech ◇ EV&Solution ◇ KG Mobility ◇ Tata Daewoo Mobility Co. ◇ Korea Three Axle ◇ Hyundai Motor. In vans, eight companies were selected: ◇ Bumhan Motors ◇ iBUS ◇ MTR ◇ Woojin Industrial Systems Co. ◇ EM Korea ◇ KG Mobility Commercial ◇ PLINE MOTORS ◇ Hyundai Motor.
BYD applied in the passenger institutional sector and failed. The government does not plan to separately disclose the list of other companies that failed. A Ministry official said, "BYD applied but did not pass, and it had previously been eligible for subsidies." Consumers who buy BYD passenger cars have so far received purchase subsidies of around 2 million won, depending on the model.
This evaluation was introduced for the first time this year with revisions to the subsidies processing guidelines. The ministry selected companies eligible for subsidies that scored 60 points or more out of 100 after weighing technology development capability, contribution to the supply chain, response to environmental policy, continuity of after-sales management, and safety management. By reflecting domestic supply chain contributions and after-sales capabilities of sellers, in addition to the previously performance-centered criteria, the bar has been raised for import brands.
Even if a company failed, if it was previously eligible for subsidies, applications received by the 30th can receive subsidies according to procedure.
The ministry said it will continue to refine related systems so that electric vehicle subsidies funded by the national budget effectively contribute to building a sustainable domestic EV ecosystem.