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26th October, 2018

Government to relaunch EV subsidies

The government is relaunching a subsidy programme for the purchase of electric vehicles with Ft 3 billion funding, state secretary for sustainability Balázs Weingartner announced.

Applications for the subsidies may be submitted from October 29 on the e-mobi.hu website.

The subsidies are limited to 21% of the gross purchase price up to Ft 1.5 million per vehicle, as in the previous scheme. However, the maximum price of vehicles eligible for the subsidies has been raised from Ft 15 million to Ft 20 million.

Since the government launched its subsidy program in October 2016, some 1,200 applications have been submitted for the purchase of 1,600 zero-emission vehicles.

Some Ft 1.1 trillion in subsidies had been paid out by the end of September.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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