Interest strong for EV subsidies

Telco

pixabay

Hungarians submitted almost 900 applications for a combined HUF 4 billion in subsidies for purchases of fully electric vehicles and bicycles with auxiliary electric motors within hours after the tender was opened in the morning on Monday, state secretary for energy and climate policy Péter Kaderják said, according to a report by state news wire MTI.

Image by Pixabay

A decision on whether to raise the HUF 5 bln funding allocation for the scheme will be taken later after the applications are assessed, Kaderják said.

He noted that taxi drivers had applied for nearly their entire HUF 2 bln share of the funding earmarked for the scheme.

Taxi drivers may cover up to 55% of their vehicle purchases with the subsidies.

Subsidies are capped at HUF 2.5 million for EVs up to HUF 11 mln, while those priced between HUF 11 mln and HUF 15 mln are eligible for just HUF 500,000 in support.

ADVERTISEMENT

Financial Loss Puts 4iG in Red Figures

Financial Loss Puts 4iG in Red

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

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

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.