According to a report by state news wire MTI, contracts on the award of close to HUF 30 billion of the subsidies have already been signed.

Businesses have applied for support to purchase almost 9,200 passenger cars and over 2,000 light commercial vehicles.

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