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Hungary offers $722.440 funding for buying e-vehicles

Staff Writer |
The Hungarian government is offering HUF 2 billion ($722.440) of funding this year for the purchase of electric cars and light commercial vehicles.

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Minister for National Economy Mihály Varga said that at the Emobility Forum 2016 event, according to Hungarian news agency MTI.

The grant will be available for the purchase or lease of new vehicles where the price of the vehicle does not exceed HUF 15 million. Funding will be capped at 21% of the gross purchasing price or a maximum HUF 1.5 mln.

Private persons, companies, entrepreneurs, local municipalities, civil and government-funded organizations can apply for funding from October 27.

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