ADVERTISEMENT

EV subsidy increasing by HUF 882 mln

Automotive

The governmentʼs fund for the purchase of a HUF 5 billion electric vehicles has proved such a success that the government will increase the budget by approximately HUF 882 million, so that all applications submitted in accordance with the call conditions can receive support, Minister of Innovation and Technology László Palkovics has said, according to origo.hu. 

In addition to individual customers, businesses have also shown a strong interest in purchasing environmentally-friendly vehicles, the minister added. Thanks to the additional resources, more than 2,000 electric vehicles can be procured.

According to Palkovics, 662 private individuals applied for support; 738 companies, including 294 taxi or car passenger transport companies, also submitted applications for the purchase of an EV.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.