Hungary introduces new e-mobility subsidy package

The Hungarian government plans to launch a 60 billion forint (156 million euro) programme in November to promote electromobility. This involves fast-charging infrastructure on the one hand and a subsidy for commercial customers on the other.

Image: BYD

As Foreign and Trade Minister Péter Szijjártó announces, half of the budget will be used to build 170 new high-capacity charging stations along the busiest roads in the next two and a half years. The other 30 billion forints will be used to give companies such as sole traders, taxi and car-sharing providers the opportunity to buy electric vehicles at a “discounted price”.

Both components of the subsidy thus have a budget of 78 million euros each. At 170 HPCs, this corresponds to a subsidy of just over 458,000 euros per station, although it is not specified whether a “station” corresponds to one pillar or a location with several pillars. In the case of the vehicle subsidy, however, it is neither specified how high the discount per vehicle is to be nor how many vehicles can benefit from the subsidy.

Szijjártó says he has informed the president of BYD about the planned subsidy. BYD has been operating an electric bus plant in the country for several years and started selling its electric cars in Hungary only a few days ago.

“The electric car industry will take the place of the traditional car industry, whether we like it or not, that is a fact, and there is no way to change that. The question is whether Hungary wants to lead or fall behind?” the politician wrote in a Facebook post. “We want to lead the way, because this will further strengthen Hungary and the Hungarian economy, and create more and more jobs for the Hungarian people.”,


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