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Hungary: Government launchs non-refundable subsidies support for electric vehicle purchases and charging station development

Description

On 5 February 2024, the Hungarian government launched a HUF 30 billion (USD 84 million) program to provide non-refundable subsidies to businesses for purchasing electric passenger cars, vans, or minib...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Feb 2024

Revocation date

31 May 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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