Electric vehicle adoption in Hungary is at a turning point, according to a study on electromobility released by the Hungarian Chamber of Engineers to MTI. The document provides a comprehensive analysis of the domestic and international regulatory environment, trends in the vehicle fleet, and the actual environmental impacts of electric transportation. The Hungarian Chamber of […]
The number of electric vehicles registered in Hungary reached 101,534 by the end of December, the Energy Ministry said in a post on social media on Wednesday. The number of electric passenger cars climbed over 94,000, the ministry said. The number of electric vehicles has doubled in the past two years and nearly one-third were […]
The retail business of AutoWallis will launch sales of Chinese electric vehicle maker NIO's flagship brand and its compact firefly brand in Hungary from January, the car seller announced in Budapest on Tuesday. Sales of the NIO and firefly models will start at a brand dealership in the capital. The number of dealerships could be […]
The Chinese car brand BYD's share of the Hungarian electric vehicle market is approaching 14% this year, BYD Hungary told MTI. The brand, which launched in Hungary in 2023, sold 1,180 passenger cars and light commercial vehicles in the first eight months of this year. The brand, which entered the Hungarian market in 2023, sold […]
The Hungarian market for new electric passenger cars (EVs) is not expected to see the same dynamic growth this year as last year, while the segment's share of total sales, at around 7%, continues to lag behind the European average. However, EVs could account for 12-13% of KIA's sales, according to Norbert Nagy, president of […]
More pure electric cars than ever before were put into service in February: last month, 2,124 pure electric vehicles received green license plates in Hungary, breaking the all-time record for monthly registrations, which was held until now by March 2024 with 2,108 units, the Ministry of Energy said on Tuesday. According to the information, the […]
The market for passenger cars in Hungary showed a significant growth in 2024, with 121,607 such vehicles registered in the country in 2024, 13% more than in the previous year, the Hungarian Association of Motor Vehicle Importers (MGE) has told MTI. They noted that there has been an extraordinary growth in the electric car sector, […]
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 […]
BYD, the Chinese manufacturer of all-electric cars categorized under the collective name New Energy Vehicles (NEV), is expanding its Hungarian sales and service network with three new dealerships, company announced in a statement sent to MTI. At the official signing ceremony in Budapest, Michael Shu, Managing Director of BYD Europe, signed an agreement with three […]
According to the latest data from the Road Traffic Register, more than 68,000 purely electric vehicles have already received green plates in Hungary. Compared to the beginning of the decade, this means that almost nine times more of the most environmentally friendly vehicles are on Hungarian roads, the Ministry of Energy (EM) announced on its […]
EY, one of the world's leading providers of audit, tax, legal, strategy, transaction and business advisory services, has forecast a slowdown in global demand for pure electric, hybrid and plug-in vehicles (EVs) this year, but the firm's leading partner in its automotive industry group says the slowdown is expected to be temporary and manufacturers could […]
Suzuki Motor Corporation has unveiled its first series-production electric (BEV) model, the e-Vitara, which is of strategic importance for the company, the communications manager of Magyar Suzuki Plc., Zsuzsanna Bonnár-Csonka told MTI on Monday. She added that the vehicle, presented in Milan, Italy, will go into production in India in spring 2025 and will be […]
After Malta, Hungary has seen the highest growth in the number of new purely electric cars registered in the first nine months of this year, according to a post on the Ministry of Energy (EM)'s social media page. The Mediterranean island nation has reclaimed the top spot with 83.2%, while Hungary is again the silver […]
China's BYD, the world's leading plug-in electric and plug-in hybrid (New Energy Vehicle – NEV) cars, appeared in Hungary in October last year, and after July this year, it is rapidly increasing its presence on the Hungarian new car market. it was already the best-selling car in the electric vehicle (BEV) segment. As BYD PR […]
So far, more than 3,400 companies have requested funds for the purchase of green vehicles, the requests received so far together cover more than half of the total amount of HUF 30 billion, around HUF 16 billion, the Ministry of Energy (EM) reported. The largest proportion of subsidies were requested for passenger cars, this category […]
