Hungary to Launch HUF 60 bln EV Subsidy Scheme
Image by Shutterstock.com
The government will launch a HUF 60 billion program in November to put more electric vehicles on Hungary's roads, Minister of Foreign Affairs and Trade Péter Szijjártó said in Shenzhen on Thursday, according to a report by state news wire MTI.
Half of the program funding will be used to subsidize purchases of EVs by companies and sole proprietors, such as carsharing businesses and taxi drivers, Szijjártó said. The other half will support the construction of 170 high-capacity charging stations on the country's busiest roads over the next two-and-a-half years, he added.
The minister said he had outlined the scheme at a meeting with Chinese EV maker BYD's chairman, who welcomed the measure.
BYD launched sales of its EVs in Hungary a couple of days earlier.
BYD has an electric bus plant in Komárom and has announced plans to build a battery assembly plant on the outskirts of the capital.
Fuel Prices Move Closer to Avg of Neighboring Countries
Hungary, China to Sign Agreements During Visit by President
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.
