The companies have applied for HUF 16 billion of support, a little more than half of the HUF 30 bln total, for the purchase of over 4,000 EVs, the report notes.

About three-fourths of applications are for the purchase of passenger cars.

Businesses may apply for grants of between HUF 2.8 million and HUF 4 mln per vehicle in the program funded by the European Union’s REPowerEU.

The size of the grant within the framework of the program depends on battery capacity.

The scheme runs until March 2025, MTI noted.