• Home
• Channel: Business
• Electric Car Purchases To Get More Support By Gov't

Electric Car Purchases To Get More Support By Gov't

• 7 May 2021 10:01 AM
• Hungary Matters

Hungary’s government is once again inviting tenders for grants to promote electric car purchases by private individuals and companies, a senior official of the Ministry of Innovation and Technology said on Thursday.

State Secretary Tamás Schanda noted at a press conference that last year the government awarded grants totalling 6 billion forints (EUR 16.7m) to help 1,712 bidders buy 2,053 vehicles.

Demand fully reached the limit within 36 hours of the scheme’s opening, he added.

The government continued to implement its Climate and Environment Protection Action Plan, even during the coronavirus pandemic, to make Hungary a climate-neutral, clean country without imposing burdens on the population, Schanda said.

“We will attain these aims without rising food prices or household utility fees,” he said.

Government Spokesperson Alexandra Szentkirályi said that Hungary is earmarking large amounts of EU recovery funds for environmental protection and promoting the circular economy and e-mobility.


MTI Photo: Attila Balázs

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Electric Car Support

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Winner of Expat CEO in Hungary for 2024 Announced

• 24 Mar 2024 5:21 AM

Chresten Bruun, general manager & senior vice president, EMEA Manufacturing in the Lego Group, won the Expat CEO of the Year title at the Budapest Business Journal’s annual awards gala, which was held for the 10th time on March 23 in the Grand Ballroom of the Corinthia Hotel Budapest.



HUF 200 Billion Job Placement Scheme for Under-30's in Hungary Launches this April

• 20 Mar 2024 6:55 AM

The government will launch a 200 billion forint (EUR 507.3m) European Union-funded programme to boost employment among Hungarians under 30 in April, state secretary for employment policy Sándor Czomba said on public television.



Hungary-US Trade Record Broken

• 8 Mar 2024 7:45 AM

Hungarian-American bilateral trade set a new record, exceeding 9 billion dollars last year, while US investments continue to flow into Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said in Washington, DC, noting that the United States is Hungary’s biggest export market outside the European Union.



EV R&D Ahead After Hungary’s Automotive Industry Set Record Last Year: HUF 12,000 Billion Sales

• 20 Dec 2023 7:27 AM

After securing electric car manufacturing investments in the first phase of the competition for attracting such businesses, now Hungary has a good chance of attracting R and D projects in the sector as well, Péter Szijjártó, the minister of foreign affairs and trade said, announcing an investment by the German-owned Schaeffler Savaria, one of the world’s largest automotive suppliers.