Hungarian govt to launch HUF 60 bn scheme to promote EV adoption
Hungary’s government will next month launch a 60 billion forint (EUR 156.1m) scheme to promote the use of electric cars, the minister of foreign affairs and trade said in Shenzhen on Thursday.
The programme will involve the upgrade of the network of electric vehicle charging stations and government subsidies for the purchase of EVs, Péter Szijjártó said, according to a ministry statement.
The government will spend HUF 30 billion over the next two and a half years on building 170 new high-capacity charging stations along the busiest roads in Hungary, Szijjártó said.
The other half of the scheme’s budget will go towards grants for businesses such as sole proprietorships, taxi drivers and car sharing companies that want to buy electric cars, minivans or pick-ups, he said.
Szijjártó said the ongoing revolutionary changes in the automotive sector, which he said represented the backbone of the global economy, also had a significant environmental protection aspect.
“If we take the fight against climate change seriously, then we must know that it is impossible without the use of electric vehicles,” the minister said.
He noted that 14 percent of global harmful emissions are linked to public road transport, warning that climate goals would fail without the transition to electric vehicles.
Szijjártó said he had informed the chairman of China’s BYD, the world’s biggest electric vehicle producer, of the new subsidy scheme, who he said welcomed the measure. Hungary is a key market for BYD, the minister said, noting the company’s electric bus factory in Komárom.
Source: MTI
More interesting are the EU funds for accelerating investments to foster the transition towards a net-zero economy:
https://www.eureporter.co/environment/european-green-deal/2023/07/31/commission-approves-e2-36-billion-hungarian-scheme-for-accelerated-investments-in-strategic-sectors-to-foster-the-transition-to-a-net-zero-economy/
EUR 2.36 billion (approximately HUF 880bn). The amount HUF is growing every day!
This whole green agenda is a scam and the Fidesz clan knows this. It will be a huge profit to the Chinese and of course government members.
The huge amount of 60 billion forint Hungarian Tax money while Hungarians need this money. Healthcare comes to mind.
This government also knows the majority of Hungarians cannot afford a EV, besides the lack of materials to built enough of them. It is impossible to install charging points all over the countryside. Let alone the extra strain on the weak electric net of Hungary.
Fidesz shows again what agenda they really support.