EV Demand Constantly Growing

Automotive

Image by Shutterstock.com

The demand for electric vehicles is constantly growing in Hungary, writes profitline.hu. According to the latest statistics of the Ministry of the Interior, 82,277 cars with green license plates are driving on Hungarian roads. 

In parallel with the number of EVs, the demand for insurance tailored to them has also increased. One year ago, Allianz introduced its insurance coverage tailored to electric vehicles, on the occasion of which it collected the statistics and experiences of the past year. 

Starting in November, the government will support the spread of electric cars with a new development program, under which HUF 60 billion will be allocated to the development of the charging network and support for vehicle purchases. 

Based on data from Datahouse, the majority of cars put on the market are still diesel or gasoline-powered, while the share of hybrid cars increased by about 1.5%, while the share of pure EVs increased by 0.5% in the past year. 

In October of this year, nearly 25% more electric and plug-in hybrid vehicles were put on the market compared to the same period of the previous year.

ADVERTISEMENT

Personal Loans up Dramatically in 2023 Banking

Personal Loans up Dramatically in 2023

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Competition Office Launches Probe of Temu Retail

Competition Office Launches Probe of Temu

Shortlist for Expat CEO of the Year 2024 Unveiled Awards

Shortlist for Expat CEO of the Year 2024 Unveiled

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.