The companies have applied for HUF 21.5 bln of support, over two-thirds of the HUF 30 bln total, for the purchase of more than 5,500 vehicles.

Most of those applications are for passenger cars. Chinese brand BYD was the most popular among applicants, accounting for around 1,350 purchases.

Runner-up was Tesla with 860 vehicles bought, followed by Volvo with close to 430.

Businesses may apply for grants of between HUF 2.8 mln and HUF 4 mln per vehicle, depending on battery capacity, in the program funded from the European Union’s REPowerEU.

The scheme runs until March 2025.