The payouts have supported the purchase of 964 models produced by China’s BYD, 755 Tesla, 343 Volvo, 266 Hyundai, and some 175 Nissan models.

Businesses have applied for subsidies to buy more than 8,000 EVs.

The scheme, funded from the European Union’s REPowerEU, offered businesses grants of between HUF 2.8 million and HUF 4 million per vehicle, depending on battery capacity.