Applications for subsidies for the purchase of over 1,500 BYD models have been submitted in the scheme, the ministry said. Applications for support for the purchase of over 1,100 Tesla models have been received, making the brand the second most popular in the scheme.

Businesses have applied for support for the purchase of more than 500 Hyundai models, putting the brand in third place in the scheme.

Other popular EV brands in the program include Volvo, Kia, Volkswagen and Cenntro.

So far, applications for the purchase of some 6,800 EVs have been submitted in the program that runs until the end of March.

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