Over 100 new electric vehicle chargers to be installed nationwide

The government is planning to add over 100 new electric vehicle chargers to Hungary’s public network serving electric cars across the country, the economy ministry said on Tuesday.

According to a ministry statement, the new charging points will be financed from 28 billion forints (EUR 71m) of REPowerEU funding.

The programme to be launched in August invites businesses with a licence to operate electric chargers to build at least one charger in areas lacking such facilities, the statement said.

Bidders will be awarded with preferential loans between 100 million and 6 billion forints each, and expected to come up with a co-payment of at least 10 percent of the project, the statement said. Large companies may receive a grant to cover 35 percent of the total cost, while medium-size companies could benefit from a grant to cover 55 percent. SMEs could be awarded grants to cover 65 percent of the cost of their project, the statement said.

Bidders will be eligible for a grant if the chargers are planned for a “preferred region” or if they are designed to include an energy storage facility or equipped with a renewable energy generator, or connected to the TEN-T network making it suitable to charge heavy vehicles, the statement said.

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