Vehicle Acquisition Tax and EV Reductions
This is a summary of Korean tax and finance rules. The full article is available in Korean.Switch to Korean (KO)
Vehicle acquisition tax in Korea varies by type: passenger cars at 7%, commercial vehicles at 5%, with electric and hydrogen vehicles receiving a reduction of up to KRW 1.4 million. This guide covers the applicable rates and reduction limits.
Related Calculators
All calculations use 2026 official Korean government rates. Amounts are in Korean Won (KRW). Input data never leaves your browser.