Hyundai Motor Company is embarking on an initiative to support electric vehicle charging infrastructure for customers in island regions owning Porter EV vehicles.
On Thursday, the company announced that residents of island areas not connected to the mainland and lacking LPG charging stations can receive a 7kW home EV charger worth 600,000 KRW and installation support costing 1,000,000 KRW if they purchase a Porter EV by the first half of 2024.
With this benefit, buying a Porter EV drastically reduces vehicle maintenance costs compared to purchasing an LPG model with the same specifications.
If a Porter vehicle is operated for 10 years, the costs for the Porter LPG model (Super Cab Long Wheelbase Smart Stream trim) would consist of: ▲ Actual vehicle purchase price: 21,070,000 KRW ▲ Acquisition tax (including public bonds): 960,000 KRW ▲ 10-year charging costs: 27,100,000 KRW, resulting in a total of 49,130,000 KRW. However, the Porter EV incurs 13,130,000 KRW less.
The 10-year operating cost for a Porter EV with the same specifications (Super Cab Long Wheelbase Smart Special trim) includes: ▲ Actual vehicle purchase price: 26,300,000 KRW (applying subsidies from Shinan County in Jeollanam-do as of the 28th via the Clean Vehicle Integrated Website) ▲ Acquisition tax (including public bonds): 600,000 KRW ▲ Korea Electric Power Corporation subscription fee: 600,000 KRW ▲ 10-year charging costs: 8,500,000 KRW, totaling 36,000,000 KRW.
(※ Electricity charging fee: average self-consumption power rate of 92.4 KRW/kWh during off-peak hours by season, based on driving 18,000 km annually)
A Hyundai representative stated, “We prepared this benefit to alleviate the charging inconvenience that island residents might face due to the discontinuation of Porter diesel models and the lack of LPG charging stations,” adding that “we will continue to expand the targeted areas to provide nationwide support.”
Lee Sang-jin daedusj@autodiary.kr