Corporate E-Car Program to Cross the Finish Line in 2025

Since February, domestic companies can apply for a subsidy of HUF 2.8-4 million per vehicle for the purchase of a pure electric car, van or minibus. More than two thirds of the EUR 30 billion budget was put out to tender last year, over half of it has been contracted and almost a fifth has already been paid out to the winners. The green transport incentive scheme is open to companies until the end of March, the Energy Ministry (EM) announced on its official Facebook page on Wednesday.

It recalled that in 2024, some 4,600 businesses applied for a total of nearly 21 billion forints to buy 5,400 cars. The easing of the conditions for participation at the end of October led to an increase of more than one and a half times in all three indicators. The most popular vehicle category is passenger cars, which account for more than three quarters of applications.

BYD was the clear winner in the brand competition in the run-up to New Year's Eve, with more than 1,300 units.

Runner-up Tesla had more than 800 applications last year, while Volvo came third with more than 400. Hyundai, Cenntro, Volkswagen and Nissan also achieved over 200 units. Dacia will be the first to join them in 2025.

BYD also led the way in the model range for a long time, thanks to the ATTO 3, until December, when it overtook Tesla Model Y to become the first to reach 500 units. The Volvo EX30, the BYD Seal, the Tesla Model 3, the BYD Dolphin and the Cenntro Logistar 100 also made it into the top two hundred in this comparison. The Hyundai Kona is the closest to the top here.

The Ministry pointed out that pure electric cars can be used without significant air and noise pollution and are cheaper to operate and maintain.

The government is supporting the spread of electromobility with around 60 billion forints in two programs. The other call for proposals will help to tackle rural charging network white spots and bring coverage closer to national levels, making green car use more convenient and predictable.

More than 68,000 cars powered exclusively by electricity have already been registered in Hungary. The most environmentally friendly fleet has increased ninefold in Hungary since the beginning of 2020.

This rapid growth has also contributed to a 7% drop in greenhouse gas emissions from transport in 2023, after a steady rise in the past.

The Ministry of Energy expects that up to 120,000 pure electric vehicles could be on Hungarian roads as early as next year, it said in a Facebook post.