HUF 1 bln for EV tender exhausted in single day

Transport

The initial HUF 1 billion allocation for electric car subsidies announced by the Ministry for Innovation and Technology was exhausted the same day; therefore, the full HUF 3 bln limit of the tender will be made available, IFKA Public-interest Nonprofit said on its website.

In view of the great interest, the ministry and IFKA jointly decided that the full HUF 3 bln allocation would be made available from yesterday, June 15.

Applications were originally planned to be invited in three phases, each with an allocation of HUF 1 bln.

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