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Government vehicle purchase subsidy, reorganization focusing on electric and hydrogen vehicles

[스페셜타임스 정시환 기자] Hello, this is the video news team of Special Times, an internet media company.

This news is related to government vehicle purchase subsidies and reorganization focusing on electric and hydrogen vehicles.

The government is pushing for a plan to reorganize vehicle purchase subsidies and tax support to focus on electric and hydrogen vehicles.

Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki held a meeting to promote innovative growth BIG3 system semiconductor, future car, and bio-health at the government complex in Seoul on the 24th, and LPG and CNG vehicles were excluded from low-emission vehicles from 2024 and from 2025 or 2026. However, he said that he would continue to support parts makers in consideration of the greenhouse gas reduction effect and price competitiveness.

In addition, tax support such as individual consumption tax reduction and exemption for hybrid/electric vehicles and hydrogen vehicles, which is scheduled to be applied by the end of this year, is also actively proposed to extend the reduction period for two to three years until the end of 2024 or the end of 2025 in connection with the reformed low-emission vehicle classification system. He emphasized that he plans to review

Currently, individual consumption tax can be fully exempted within a certain limit, such as 1 million won for hybrid cars, 3 million won for electric vehicles, and 4 million won for hydrogen cars.

Deputy Prime Minister Hong Nam-ki also said that he will launch Level 3 this year and commercialize Level 4 in 2027 without any setback in the autonomous vehicle sector. He emphasized that he would intensively expand various infrastructures, such as designating at least one site per district.

At this meeting, there was also a discussion on a new project to strengthen the future competitiveness of the semiconductor industry this year.

Deputy Prime Minister Hong Nam-ki announced that he would prepare a comprehensive power semiconductor development strategy and apply for a preliminary feasibility study (yetta) this year.

Power semiconductors are semiconductors that convert, process, and control electric power, and are considered to be key components of electric vehicles, Internet of Things, and mobile devices.

Deputy Prime Minister Hong Nam-ki said that starting this year, new projects will be intensively pursued in three directions: research and development of promising items, nurturing key talents, and improvement of the manufacturing value chain to strengthen the semiconductor industry’s super-gap and to leap forward as a comprehensive semiconductor powerhouse.

First, he said that he would like to apply for a yet this year by quickly promoting new R&D projects this year, such as power semiconductors, artificial intelligence semiconductors, and advanced sensor development projects, and additionally preparing a comprehensive power semiconductor development strategy.

Deputy Prime Minister Hong Nam-ki also added that he would support the resolving of the chronic manpower shortage by intensively nurturing key semiconductor talents, including 3,600 undergraduate semiconductor-specialized courses and 16,440 field workers.

In addition, he said that he would establish a leading strategy for post-fab semiconductor production plants such as advanced packaging in the first half of this year, and prepare standards for infrastructure support such as power and water construction in the first half of this year with the enforcement of the National Advanced Strategic Industry Special Act in August.

Meanwhile, the government will closely support the implementation of the 66 trillion won private facility investment plan in the BIG3 sector this year without any setbacks.

Deputy Prime Minister Hong Nam-ki said that a more active response is essential due to fierce competition such as reinforcement of domestic supply chains in the US, Japan, and the European Union, support policies for local industries, and large-scale investment by major companies such as Samsung, Intel, and TSMC. He added that he would focus on strengthening the focus on vulnerable areas by establishing a cooperative ecosystem between companies and industries, such as semiconductors and future vehicles.

In addition, he said that he would focus on expanding the basis for fair competition with major competitors by breaking regulations that are highly sensible in the industrial field, such as introducing a regulatory sandbox in the fields of mobility and bio-health, and by expanding the national high-tech industry support system.

It was the video news team of the Special Times.

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