The companies have applied for HUF 22.8 billion of support out of the HUF 30 bln total, for the purchase of more than 5,900 vehicles, including close to 4,600 passenger cars and around 1,300 LCVs.

Chinese brand BYD was the most popular among applicants, accounting for around 1,400 purchases.

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

The scheme runs until March 2025.