Nat'l Economy Minister Presses for Incentives to Boost E-Mobility Transition
National Economy Minister Márton Nagy pointed to a slowdown in the electromobility transition in Europe and urged incentives for states, manufacturers and consumers, delivering a presentation at a business development event in Debrecen on Wednesday, according to a report by state news wire MTI.
Electromobility is a "fundamental element" of the Hungarian economy, Nagy said, adding that the transition should be "as rapid as possible, without any reversal". He noted the construction of an EV plant by German carmaker BMW and a battery manufacturing facility by China's CATL in Debrecen.
Nagy said Europe still needed "several hundred thousand" EV charging stations for the electromobility transition, adding that the continent was "well behind" China which was able to develop its EV manufacturing sector and charging station network at the same time.
Europe lacks an electromobility strategy, which is the most important economic issue for Hungary, he said. Hungary's presidency of the Council of the European Union in the second half of the year could give new impetus to the matter, he added.
He said that car makers needed to have a voice in shaping that strategy, but added that the sector needed to compete with the Chinese and excluded the introduction of any punitive tariffs on Chinese products.
.png)
Hungarians Aware of Reasons Behind Power Outages, Expect Rap...
Varga Invites EU Commissioner to Visit Southern Border
Hungarian, Tunisian Companies to Partner on Railway Developm...
CEETRA Celebrates Regional Brands in Budapest
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.
.png)
