car

Used car sales in Hungary jump in 2024, but what’s on the horizon for 2025?

cars Used car sales in Hungary

Used car sales in Hungary rose 10pc in 2024 compared to 2023, listings site JoAutok.hu said on Monday, citing figures compiled by DataHouse.

Used car sales in Hungary

Used car sales reached 909,000, beating the record 825,000 in 2022. JoAutok.hu said customers made up for their earlier missed car purchases and many people preferred to buy used cars instead of new ones. The unfavourable exchange rate trend also pushed used car buyers from foreign markets towards the domestic one.

On the used car market sales of Opel vehicles reached 98,000, giving it a 10.8pc market shares. Volkswagen had a 10.2pc market share, Suzuki was third at 8.3pc, followed by Ford at 7.9pc, BMW at 6.2pc and Skoda at 5.5pc. The average age of domestic passenger cars in use was 16 years, and more than 36pc of vehicles sold on the used car market were cars that were at least 20 years old.

New car sales last year reached 121,600, up from 107,700 in 2023. Used car imports were up 5pc at 111,000.

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New rules for Hungarian motorway vignettes in 2025 – How to avoid surcharges

These are the cars Hungarians are looking for

According to data from Használtautó.hu, which covers the entire Hungarian market in terms of ad numbers and views, Hungarian car buyers are mostly looking for Skoda Octavia and sedans, but budget constraints are pushing them towards more affordable models.

According to the most recent data request on Használtautó.hu, approximately 23.5 million searches have been launched this year for the 10 most popular used cars. And although the majority of Hungarian used car buyers prefer models such as the Volkswagen Golf, Opel Astra and Suzuki Swift, based on telephone enquiries, the searches show a different trend. The Astra and the Golf, which top the usual lists, are thus completely absent from this top 10.

“The model that is currently generating the most interest in our market is the Skoda Octavia, which owes its popularity to its practical design and wide range of engines. Customers are also interested in premium cars, such as the Audi A4 and A6, and the BMW 3 Series. Overall, it can be said that the sedan category is particularly close to our users’ hearts, as the majority of the most frequently sought-after models fall into this category ,” said Márk Koralewsky, head of the Használtautó.hu business unit.

read also –

Important: Hungarian Highway Code changed with immediate effect

The most anticipated electric cars of 2025

The range of electric cars is expanding, and it looks like there will be no shortage of new models in 2025: next year’s new models promise amazing technology, eco-friendliness and even greater range. Ayvens, Hungary’s largest mobility provider, has now gathered the 10 new electric cars that will attract the most attention in 2025, HellóMagyar said.

Audi Q6 e-tron

The Audi Q6 e-tron redefines the luxury electric SUV segment with its sleek design, advanced electric powertrain and futuristic digital interior. The model combines sustainable operation with outstanding performance without compromise: it boasts an impressive range of up to 635 km and charges lightning fast. Inside the car, you’ll enjoy panoramic displays, in-door controls, dynamic interactive lights and even headrest speakers.

BMW i4

The new BMW i4 promises to be an exciting newcomer to the electric saloon market, with a range of over 480 km, allowing drivers to enjoy even longer journeys without compromise. With a focus on luxury, comfort and performance, the i4 will appeal to motorists looking for a premium electric driving experience.

Dacia Spring

The Dacia Spring is an affordable and practical entry into the world of electric mobility. With its modern design and exceptional driving experience, Spring offers a sustainable yet stylish solution for everyday driving. The model has been specifically designed to meet the needs of urban drivers. Despite its compact size, Spring offers a respectable range of over 240 km on a single charge. Dacia combines comfort, affordability and sustainability.

Ford Capri

The Ford Capri is the US carmaker’s first entry into the electric vehicle market. It features an iconic design with high-tech and sustainability in mind. The Capri boasts a spacious and versatile interior, a state-of-the-art infotainment system, a range of connectivity options and safety features, all designed to meet the needs of families and active car users. With its crossover styling and advanced electric powertrain, the Capri is set to make a big splash in the electric car segment.

Hyundai Inster

The Hyundai Inster is a versatile electric crossover that offers a balance of efficiency, performance and practicality. With Hyundai’s focus on innovation and sustainability, the Inster will be an attractive choice for those looking for a reliable and environmentally conscious SUV. With an impressive range of more than 480 km on a single charge, the Inster offers owners the opportunity to explore new horizons without compromise.

Kia EV3

The Kia EV3 is a much-anticipated addition to the brand’s electric vehicle range, offering a compelling combination of style, performance and advanced electric solutions. With its sleek and modern design, the EV3 is sure to attract attention on the road, while providing an exciting driving experience. Equipped with a large capacity battery and efficient electric powertrain, the EV3 promises an impressive range of over 480 km on a single charge, making it a practical choice for daily commutes and longer journeys.

Polestar 3

As a subsidiary of Volvo, Polestar is known for its commitment to electric performance and sustainability. The Polestar 3 is another highly anticipated electric SUV that embodies Scandinavian design, cutting-edge technology and uncompromising performance. With its twin electric motors, the Polestar 3 delivers over 400 kW of combined power for instant acceleration and dynamic handling.

Volvo EX60

The Volvo EX60, the brand’s fourth electric car, is an SUV built on a pure electric platform. With its advanced safety systems and autonomous driving capabilities, it promises an unrivalled driving experience. This is complemented by an impressive range, two-way charging and innovative features, all wrapped up in an exciting design.

Tesla Model Y

Tesla Model Y has gained considerable popularity for its exceptional range, performance and innovative features. The 2025 edition of this iconic model will offer more than 480 km on a single charge. As the leader in the electric car market, the Model Y continues to set the benchmark for the competition in the electric crossover segment.

Volkswagen ID.4

Larger than the Passat, the Volkswagen ID.4 offers an incredibly spacious and stylish driving experience, even for longer journeys. With its captivating design and advanced technologies, the ID.4 will be the perfect companion for those looking for both comfort and style. With its carefully designed aerodynamics and efficiency, ID.4 is a practical yet luxurious choice when it comes to electric mobility.

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Overtaxation? Fuel prices set to rise in Hungary as excise tax hike takes effect 1 January

Hungarian FM Szijjártó announces major Chinese investment

China’s automotive company Xinzhi is creating almost 900 jobs by investing HUF 50bn in a new plant it is building in Hatvan, east of the capital, Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday.

Szijjártó talks about strengthening Hungary’s position

Szijjártó said this investment further strengthens Hungary’s position in the global market for transitioning to EVs. He said Xinzhi is a market leader in the production of one of the most important basic units of electric motors. The minister said the company is also bringing serious research and development activities to Hungary, in addition to production, and will be hiring 30 highly trained engineers.

“The electric car industry is still in the early stages of its development, so R+D plays a really big role now,” the minister said noting that the R+D work of the company will be of particularly high added value.

Szijjártó said Europe’s economic competitiveness and security have deteriorated significantly in recent years, and the only way to stop this economic decline is if the continent strengthens its role in the electric automotive transition and does not hand over this opportunity to others. “Hungary is at the forefront of this process, it is a stronghold and leader in global automotive renewal,” he added.

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New rules for Hungarian motorway vignettes in 2025 – How to avoid surcharges

Hungarian motorway

With 2025 changes to Hungarian motorway tolls, buying the right e-vignette on time is crucial. Keep reading to learn how to avoid hefty fines and make the most of your Hungarian motorway journeys.

Rising motorway tolls, information about the vignettes

As we have reported HERE, Hungarian motorway tolls changed this year. Magyar Nemzet writes that 2025’s significant changes to Hungarian motorway rules and pricing will affect toll vignettes, making it more important than ever to purchase an e-vignette and avoid surcharges. The annual national vignette remains a cost-effective option, providing coverage for all toll roads in Hungary and being valid from the date of purchase until 31 January 2026.

For frequent travellers, the national vignette is the best choice, offering a one-off expense for easier travel planning. The county vignette, however, only covers specific regions. Additionally, the e-vignette is valid from the purchase date, except for payments via bank transfer, where it starts on the payment receipt date. Staying updated on the current toll rules and prices is crucial to avoid unexpected fees when using the Hungarian motorway network. For the latest information, visit autopalyamatrica.com.

Hungarian motorway
Photo: depositphotos.com

How to avoid surcharges

Under the current legislation, when using the Hungarian motorway network, toll vignettes must be purchased before entering a toll section. Failing to do so will result in a surcharge, although there is a 60-minute grace period allowing drivers to buy a vignette within one hour of entering the toll road without penalty. If the vignette is purchased late, or if an incorrect category is selected, drivers face a surcharge. The amount depends on whether the surcharge is paid within 60 days or after.

Within 60 days, the surcharge is HUF 26,640 (EUR 64.42), after 60 days, it’s HUF 91,780 (EUR 221.93). However, drivers can reduce the fine by paying the difference if they opt for a lower category of vignettes. If an annual national vignette is purchased within 75 days of the notice, the surcharge can be avoided, provided the request is made in writing or in person at the National Toll Payment Service Ltd (Nemzeti Útdíjfizetési Szolgáltató Zrt.).

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Featured image: depositphotos.com

Skyrocketing fuel prices in Hungary: Among the most expensive in the region – again

fuel petrol diesel expensive

Hungarian drivers have been hit with another wave of fuel price hikes as the new year begins. Both petrol and diesel prices have surged significantly, with 95-octane petrol reaching an average of HUF 631 (EUR 1.52) per litre and diesel climbing to HUF 651 (EUR 1.57). Compared to a year ago, these prices reflect a 12% and 9% increase, respectively, while even within the past week, prices have risen by over 2%.

According to 444.hu, the price surge is attributed to a combination of factors, including a sharp increase in excise taxes and the weakening of the Hungarian forint against the US dollar, which has reached a two-year low.

Regional comparison highlights the price disparity

A report by Holtankoljak.hu underscores Hungary’s prominent position in the region for high fuel costs. For diesel, Hungary is second only to Serbia in terms of expense. Regarding petrol, Hungary ranks third, trailing only Serbia and Slovakia, in a tight competition with Austria and Croatia. The dramatic rise in prices places Hungary among the most expensive countries for refuelling in Central Europe, a stark contrast to neighbouring countries where fuel prices remain comparatively lower.

A lack of updated official data

444.hu’s fuel price comparisons rely on data from Holtankoljak.hu due to the absence of fresh updates from Hungary’s Central Statistical Office (KSH). Its experimental fuel price comparison project, launched last spring, has not been updated since April 2024. With fuel costs straining household budgets and business operations, Hungary’s drivers face the unfortunate reality of some of the highest prices in the region—a situation exacerbated by economic challenges and government policies.

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Featured image: depositphotos.com

Overtaxation? Fuel prices set to rise in Hungary as excise tax hike takes effect 1 January

MOL fuel station lukoil

Starting 1 January, Hungarians can expect an increase in wholesale fuel prices due to a higher excise tax on gasoline and diesel. According to fuel industry expert Eszter Bujdos, this tax hike will likely be reflected in consumer prices in phases, further burdening drivers across the country. She also criticised the government for overtaxing beyond EU requirements, which could exacerbate the situation.

Tax hike details and price implications

The excise tax on wholesale fuel prices will increase by HUF 6.25 per litre for gasoline and HUF 5.86 per litre for diesel. Including VAT, this translates to an HUF 8 rise for gasoline and HUF 7.4 for diesel. With these adjustments, average prices as of 31 December 2024 stand at:

  • 95-octane gasoline: HUF 617/litre (EUR 1.50)
  • Diesel: HUF 637/litre (EUR 1.55)

The exact method and timing of passing on these costs to consumers remain unclear, Index writes. However, Bujdos, managing director of holtankoljak.hu, noted that rising operational expenses—such as the minimum wage increase—are adding further pressure on gas stations.

Currency fluctuations and geopolitical risks

Bujdos pointed out that Hungary’s weakening currency against the dollar is another significant concern, as it could further inflate fuel prices. While geopolitical events like the Russia-Ukraine conflict or tensions in the Middle East may cause short-term volatility, the long-term impact on global oil prices depends on the production decisions of OPEC countries.

Government oversteps EU tax expectations

The government has justified the excise tax hike as a response to EU regulations, which mandate a minimum excise duty for member states. However, Hungary’s tax rates surpass these requirements. Based on a euro exchange rate of HUF 411, the excise tax exceeds EU minimums by HUF 14 per litre for gasoline and HUF 17 for diesel.

“The EU doesn’t demand such a high tax burden as the Hungarian government is imposing,” Bujdos emphasised, calling the policy an example of overtaxation.

Hungary in regional comparison

Fuel prices in Hungary sit in the middle range compared to neighbouring countries. According to data from the Hungarian Central Statistical Office (KSH), Poland, the Czech Republic, Romania, and Bulgaria offer cheaper fuel, while Austria, Croatia, Slovakia, and Serbia are more expensive.

Looking ahead: Higher fuel prices in 2025?

Bujdos predicts that the average price for gasoline could reach HUF 630–640 (EUR 1.60) per litre in 2025, driven by a combination of currency devaluation and global oil price trends. She estimates that Brent crude oil prices will hover around USD 75 per barrel, while domestic fuel prices will continue to depend heavily on the forint’s exchange rate.

“The forecasts for the forint are not promising, so drivers should brace for further price increases in the coming year,” she concluded.

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AutoWallis could secure important stake in Romania’s car import market

nissan

Listed car seller AutoWallis on Monday announced that it is to obtain distribution rights for Nissan in Romania together with the Portuguese Salvador Caetano Group, as the new national importer for the brand.

AutoWallis said, under the deal it concluded, AutoWallis Caetano – a joint venture in which it and Salvador Caetano each hold a 50pc stake – is to acquire exclusive Nissan distribution rights in Romania, providing regulatory conditions are met.

The start of operations of the new organisation is scheduled for June 1st, 2025.

AutoWallis CEO Gábor Ormosy said this is the third shared venture between the Hungarian and Portuguese companies: AutoWallis and Caetano Group joint ventures companies hold the importer rights of Renault, Dacia, and Alpine in Hungary and own a Renault and Dacia retail unit in Budapest.

autowallis
Source: AutoWallis

He added that AutoWallis will continue its independent growth, developments, acquisitions, and the implementation of its strategy in other areas.

AutoWallis is already present in 16 countries in the region, representing 27 brands, while Salvador Caetano has significant experience in vehicle sales primarily on the Iberian Peninsula, in Scandinavia, and South America and Africa.

AutoWallis had (EUR 0,88bn) HUF 366bn revenue last year.

In the statement, the company said that the AutoWallis Group is continuing to expand its activities in the Czech Republic after purchasing the MILAN KRÁL GROUP, operating in the southern part of the country. As a result of this step, after buying three BMW dealerships from Stratos Auto this summer, they will be present in the Czech vehicle market with Ford and Mercedes-Benz in addition to BMW and in the sales and servicing of Mercedes-Benz Trucks.

As we wrote ten days ago, AutoWallis issues EUR 20m bond in private placement

Source: depositphotos.com

Important: Hungarian Highway Code changed with immediate effect

The Hungarian Highway Code (KRESZ) has been amended with immediate effect, as announced in Monday evening’s Magyar Közlöny (Hungarian Gazette). The changes pertain to vehicles using emergency signals.

Immediate change in Highway Code

Under the new regulations, vehicles from police public order, traffic law enforcement, and personal protection units, as well as the Counter Terrorism Centre (TEK), are now permitted to use bus lanes when operating with emergency signals, provided they do not disrupt bus and trolleybus traffic, Index reports.

Previously, only scheduled buses, trolleybuses, and emergency vehicles under special conditions could use these lanes.

Additionally, a new rule bans overtaking vehicles using emergency signals.

Drivers must maintain a following distance that avoids disturbing the emergency vehicle and other road users.

Emergency vehicles can also disregard “No Entry” signs and exceed speed limits if traffic safety is not compromised.

The changes, signed by PM Viktor Orbán, took effect on Tuesday.

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Will the cars of motorists driving far above speed limit be seized in Budapest?

Gergely Karácsony, the mayor of Budapest, on Friday said he will propose a regulation that would allow the authorities to confiscate the vehicles of motorists caught driving in the city far above the speed limit.

Karácsony said on Facebook that he is proposing that the Budapest assembly call on the government to draft a regulation modeled after an Austrian law that would allow the authorities to seize the cars of drivers speeding far above the limit. Under the mayor’s proposal, extreme speeders would have their car seized for six months for a first offence, while repeat offenders would have it confiscated.

Under the law in effect in Austria, motorists who exceed the speed limit by more than 80 kph in built-up areas or by 90 kph outside built-up areas are fined, have their licence taken away and can have their car permanently confiscated.

speed limit Hungary traffic road highway
Speed limits in Hungary. Photo: Helló Magyar

Karácsony said speed cameras installed throughout the city caught 52,926 speeders in the first month. He said the most severe speed-limit violation happened in the 9th district on Üllői Road when a motorist did 158 kph in a 50 kph zone.

The mayor said stricter penalties were needed for extreme speeding in order to eliminate fatal road accidents in the capital.

Read also:

  • Budapest Airport bus may become much cheaper but more crowded – read more HERE
  • Historical Budapest palace close to Chain Bridge can be sold in no time

Mercedes-Benz to shut down production for one month in its Hungarian base

Mercedes-Benz will be shutting down production at its base in Kecskemét (C Hungary) for a winter break from December 18 until January 20, 2025, the local unit of the German car maker said on Thursday.

Mercedes-Benz shuts down for a month

Mercedes-Benz Manufacturing Hungary said that during the break the plant is undergoing significant transformation work in preparation for the production of new models based on the MMA and MB.EA platforms.

The company said Mercedes-Benz is continuously optimizing its production network in order to operate at optimal capacity and to respond to fluctuations in demand using the available flexibility.

The Mercedes-Benz Group achieved stable sales in the third quarter despite model changes, a challenging market environment and tough competition, especially in China, it added.

Mercedes-Benz Manufacturing Hungary had EUR 5.1bn revenue last year. Headcount at the unit averaged 4,477 in 2023.

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Featured image: depositphotos.com

AutoWallis issues EUR 20m bond in private placement

Listed car seller AutoWallis on Wednesday announced the issue of a EUR 20m, ten-year bond in a private placement.

AutoWallis’ expansion

AutoWallis will use the proceeds from the issue to fund its expansion abroad and acquisitions. The car seller said it planned to make 2-3 acquisitions a year in the coming years.

AutoWallis is present in 16 countries in Europe and announced its biggest acquisition yet, of Czechia’s MILAN KRAL, in November. The company plans to plough around HUF 80bn into its business by 2028, boosting annual revenue to HUF 750bn and EBITDA to HUF 40n by 2028, double the levels in 2023.

AutoWallis counts Alpine, BYD, Dacia, Isuzu, Farizon, Jaguar, Land Rover, MG, Saab parts, Renault, SsangYong and Opel among the brands in its wholesale portfolio. Brands in the retail portfolio include BMW cars and motorcycles, BYD, Dacia, Isuzu, Jaguar, KIA, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki and Toyota. It represents the Sixt rent-a-car brand in Hungary and operates its carsharing and fleet management business under the wigo aegis. AutoWallis also owns the vehicle listing sites JoAutok.hu and AUTO-LICIT.HU.

AutoWallis
Photo: Facebook / AutoWallis

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How to rent a Porsche without a deposit

Sponsored content

Dubai has a plethora of interesting locations to visit. They aren’t just fascinating: they’re exclusive and one-of-a-kind. Take, for instance, the marvel that is Burj Khalifa, the tallest building in the world. Or Dubai Mall, the world’s second-largest shopping center with thousands of attractions. 

It all sounds undeniably intriguing, but visitors to the city should consider personal transportation, such as Porsche car rental Dubai. But here’s a tricky part: many premium agencies still request a deposit, even when you rent a Porsche or any other elite model. Luckily, there is a way to get a vehicle without a deposit, and this article explores the most important details about this type of service. 

What Is Rent with a Deposit: Reasons Why Its Absence Is Convenient

Let’s first figure out what a deposit is in this case and why companies request it before leasing a vehicle. A deposit is an additional payment requested when clients search for Porsche rental Dubai. It serves as a financial guarantee for the rental company. This amount covers potential damages or losses during the rental period. 

Rental services commonly ask for deposits to protect the vehicle and guarantee that the client returns it in a proper condition. A deposit for a lease period of a luxury vehicle would cost quite a lot, especially if a client is into long-term rent. Therefore, it’s best to consider the services of agencies that provide no-deposit policies to their clients. 

Clients don’t need to block significant money, so they retain more financial freedom during their trip. It reduces delays because renters avoid waiting for refunds after returning the vehicle. This arrangement simplifies the entire process for basically everyone involved. Thus, such an approach aligns with expectations of efficiency and convenience in prestige services.

Where to Rent a VIP Porsche Car Without a Deposit: Top Conditions

Trinity Car Rental in Dubai provides luxurious vehicles, but most importantly, it guarantees favorable conditions for clients. We’ll use this agency as a top offer in the city with years of experience and exclusive models in its collection. Here’s the list of these top terms:

  1. You will find over 80 exotic and premium vehicles in their fleet. There are exclusive options and vehicles for every possible occasion.
  2. The agency has the latest 2024 models with minimal mileage. Not many people have driven the vehicle before you. 
  3. No deposit is required to rent any vehicle.
  4. The rental price includes full CASCO insurance, VAT, Salik Gates, and 300 km daily mileage. If you exceed the limit, you can check the clear fee structure: you can simply pay, and the costs won’t skyrocket. 
  5. Every client receives a complimentary full tank of fuel.
  6. The agency accepts cash, Mastercard/Visa cards, or cryptocurrency.
  7. The service provides a personal manager to help with issues/questions related to the lease period 24/7.
  8. You can request vehicle delivery to any location, such as an airport, office, resort, hotel, certain building, and more.

Trinity Rental also offers additional features, like rent with a driver. This option is ideal if you want to relax and drink alcohol or don’t feel comfortable driving in an unknown city. The company also provides gift cards so you can make a loved one or friend happy.

What You Need to Rent a Premium Car: Documents And Rules

To rent a Porsche is simple when you don’t have to lock in a deposit. However, you should consider a few significant things:

  • Have all the documents. Agencies ask for an ID, driver’s license, international permit to drive, and a document that proves you’re legally visiting the UAE.
  • You must be at least 21 or 25 (depending on the vehicle). Sports Porsche car rental requires clients to be 25 years old minimum, while SUVs or sedans can be rented if you’re 21.
  • No drinking while driving. You also can’t smoke in the cabin.

Most companies also forbid visiting certain locations like racetracks and the desert for obvious reasons — you can’t exceed the speed limit, plus sand can damage the vehicle. You should also prove that you have at least one year of experience. These are guarantees that you can handle driving top-performing vehicles. 

Top Porsche Models to Rent In Dubai

Porsche rental in Dubai is simple because of the variety of choices. Companies like Trinity Rental have numerous models for different occasions. For example, select one of these Porsche models:

  1. 911 Stinger GTR 1/7 carbon. It’s a supercar with a striking design and great technical characteristics. It generates 650 horsepower and goes from 0 to 100 km/h in 2.8 seconds.
  2. 718 Boxster GTS. It’s an ideal choice for people who prefer cabriolet models. It produces 400 horsepower and goes from 0 to 100 km/h in 4 seconds.
  3. 911 Targa Topcar Stinger. It’s a striking vehicle with a tuning from famous Topcar. 911 Targa Topcar guarantees 385 horsepower and goes from 0 to 100 km/h in 4.4 seconds.
  4. Cayenne S. A Good old classic is never out of fashion, especially if it’s Cayenne S. This SUV produces 440 horsepower and goes from 0 to 100 km/h in 4.5 seconds.
  5. Cayenne Turbo Mansory is another model for fans of tuned vehicles, but this time, it’s the work of Mansory. The Cayenne SUV generates 550 horsepower and goes from 0 to 100 km/h in 3.9 seconds.

There are many other models you can select from. Moreover, you don’t necessarily have to stick with your choice as you may rent for a day, a week, a month, or longer. You can hire one model, and then rent a different vehicle to test its capabilities. 

The Bottom Line

Numerous clients prefer a no-deposit rent in Dubai as it’s a simpler and faster method to get a vehicle and explore the city. You don’t have to waste time locking in a deposit and pay only for the rental period, which is logical. It’s an easy process when you can visit the website and select a brand and vehicle. The company’s representative calls you back, and you soon get the keys to the car. 

Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.

Electric surge: Hungary’s electric vehicle count climbs to 68,000, could hit 120,000 by 2026

The number of fully electric vehicles in Hungary has risen to 68,000, the Energy Ministry said in a post on social media on Wednesday.

So far this year, around 20,000 BEVs have been registered in Hungary, the ministry said.

The number of BEVs could reach 120,000 by 2026, it added.

Hungary’s government has earmarked HUF 60bn for programmes promoting electromobility, including incentives for BEV purchases and expanding charging infrastructure.

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Featured image: depositphotos.com

Hungarian government believes car industry and EV factories are key priorities

Hungary’s economic recovery is underway this year, in spite of extraordinary difficulties and turbulence, laying the foundation for significant growth in 2025, Minister of Foreign Affairs and Trade Péter Szijjártó said giving testimony before parliament’s economy committee on Tuesday. As he said, Orbán cabinet believes car industry and EV factories are key priorities.

Szijjarto said the weight of the global economy had shifted to the East in recent years, while the competition to attract multinationals’ investments had intensified. He warned of the danger of efforts to divide the world into blocs again and said the government was focused on strengthening connectivity.

He said the government had adopted a policy of economic neutrality, paving the way for the country to become a “meeting point” for the economies of the East and the West.

Hungary has become the “number one” location in Europe for cooperation between Western and Eastern companies, he added.

Szijjártó said the government had supported 255 investments with HUF 869bn in subsidies in 2023 and the first half of 2024. Those projects were worth more than HUF 6,000bn and created around 25,000 jobs, he added.

He noted that

62pc of that investment volume had come from China. South Korean companies were runner-up, followed by ones from Germany, he added.

Hungary accounted for 44pc of all Chinese investments in Europe during the period, he said. This year, Chinese investments in Hungary created 11,500 jobs, while investments by German companies created 3,000, he added.

read also: Chinese CATL to begin production next year in Hungary

Government support for investments went to projects in 19 branches of industry, although the most support went to electromobility investments, he said.

Szijjártó highlighted big investments in the pipeline, including Chinese EV manufacturer BYD’s plant in Szeged, German car maker BMW’s factory in Debrecen and the expansion of the Mercedes base in Kecskemét.

When those projects are finished, annual vehicle production in Hungary will climb over 1 million, he added.

Szijjártó also noted big battery manufacturing investments necessary for EV production.

read also: New Hungarian airline founded with Chinese help

Exploring Unlimited Possibilities: OMODA&JAECOO’s Fantastical Journey with Universal Pictures’ Wicked

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Recently, OMODA&JAECOO announced a collaboration with Universal Pictures’ spectacular new cinematic event Wicked. Together, they are embarking on a fantastical journey into the magical world of Oz that not only showcases the brand’s dedication to innovative personalization and trendsetting but also offers film and car enthusiasts a dual visual and emotional surprise.

Wicked, the untold story of the witches of Oz, is based on one of the most beloved and enduring musicals in Broadway history. The film now arrives in cinemas as a visually stunning cinematic event this November. Wicked boasts an all-star cast, featuring Emmy, Grammy, and Tony Award winner and Oscar nominee Cynthia Erivo and Grammy Award-winning global superstar Ariana Grande in the lead roles. In addition, the film stars Oscar-winner Michelle Yeoh, film icon Jeff Goldblum, Olivier Award winner and Emmy nominee Jonathan Bailey, and four-time Emmy Award winner Peter Dinklage. Wicked arrives in cinemas from 22 November 2024. 

In Wicked, Cynthia Erivo portrays Elphaba, a young woman misunderstood because of her green skin who has yet to discover her true power. Ariana Grande plays Glinda, a popular young woman gilded by privilege who has yet to discover her true heart. As they forge an unlikely friendship, their extraordinary adventures in Oz will ultimately see them fulfill their destinies as Glinda the Good and the Wicked Witch of the West. 

In this collaboration, OMODA&JAECOO have specially created two car wraps themed to the film: the E5 Green Witch edition and the C5 Pink Witch edition. These wraps feature the characters of Elphaba and Glinda on each of the respective vehicles, awakening limitless imagination, and longing for the magical realm in everyone’s heart. 

As the film arrives in cinemas, there will be opportunities to view the specially customized Wicked-themed cars by OMODA—the E5 Green Witch Edition and C5 Pink Witch Edition. These custom-modified vehicles will allow car enthusiasts and film fans alike to experience their unique charm and extraordinary appeal firsthand.

This collaboration will offer film fans and car enthusiasts an unforgettable experience and memories, building a closer bridge between the brand and its consumers.

As a personalized brand committed to embracing global pioneering users, OMODA&JAECOO have always engaged with the new generation through cross-industry collaborations, creating the “O-universe” ecosystem that allows the brand and users to collide in different dimensions.

About Universal Pictures’ Wicked 

One of the most beloved and enduring musicals on the stage, Wicked makes its journey to the big screen as a spectacular cinematic event this holiday season. 

Directed by acclaimed filmmaker Jon M. Chu (Crazy Rich Asians, In the Heights), Wicked is the first chapter of a two-part immersive, cultural celebration. Wicked Part Two is scheduled to arrive in cinemas on November 21, 2025.

Wicked, the untold story of the witches of Oz, stars Emmy, Grammy, and Tony-winning and Oscar®-nominated powerhouse Cynthia Erivo (Harriet, Broadway’s The Color Purple) as Elphaba, a young woman misunderstood because of her green skin who has yet to discover her true power and Grammy-winning, multi-platinum recording artist and global superstar Ariana Grande as Glinda, a popular young woman gilded by privilege who has yet to discover her true heart. 

 The two meet as students at Shiz University in the fantastical Land of Oz and forge an unlikely but profound friendship. Following an encounter with The Wonderful Wizard of Oz, their friendship reaches a crossroads and their lives take very different paths. Their extraordinary adventures in Oz will ultimately see them fulfill their destinies as Glinda the Good and the Wicked Witch of the West. 

 The film also stars Oscar® winner Michelle Yeoh as Shiz University’s regal headmistress Madame Morrible; Olivier Award winner and Emmy nominee Jonathan Bailey (Bridgerton, Fellow Travelers) as Fiyero, a roguish and carefree prince; Tony nominee Ethan Slater (Broadway’s Spongebob Squarepants, Fosse/Verdon) as Boq, an altruistic Munchkin student; Marissa Bode in her feature-film debut as Nessarose, Elphaba’s favored sister; and pop culture icon Jeff Goldblum as the legendary Wizard of Oz.

 The cast includes Pfannee and ShenShen, two conniving compatriots of Glinda, played by Emmy nominee Bowen Yang (Saturday Night Live) and Bronwyn James (Harlots); a new character created for the film, Miss Coddle, played by Tony nominee Keala Settle (The Greatest Showman); and four-time Emmy winner Peter Dinklage (Game of Thrones) as the voice of Dr. Dillamond. 

 Wicked is produced by Marc Platt p.g.a. (La La Land, The Little Mermaid), whose films, television shows, and stage productions have earned a combined 46 Oscar® nominations, 58 Emmy nominations, and 36 Tony nominations, and multiple Tony winner David Stone (Kimberly Akimbo, Next to Normal), with whom Platt produced the blockbuster Wicked stage musical. The executive producers are Stephen Schwartz, David Nicksay, Jared LeBoff, Winnie Holzman, and Dana Fox. 

 Wicked is based on the generation-defining musical stage play with music and lyrics by legendary Grammy and Oscar® winning composer and lyricist Stephen Schwartz and a book by Winnie Holzman, from the bestselling novel by Gregory Maguire. The screenplay is by Winnie Holzman Winnie Holzman and Dana Fox. The film score is by John Powell & Stephen Schwartz, with music and lyrics by Stephen Schwartz. 

Marc Platt, Universal Pictures, the Araca Group, Jon B. Platt, and David Stone produced the Broadway stage musical.

Company：Chery Automobile Co., Ltd

Contact Person: Lulu Tao

Email: Taolulu2@mychery.com

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City：Wuhu,China 

Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.

New survey shows that Hungary is among the countries where driving is nightmarish

New survey shows that Hungary is among the countries where driving is nightmarish

Scrap Car Comparison, a British car industry-focused website, conducted a worldwide survey asking 2,000 drivers about the countries where driving is the most dangerous, stressful, and frightening. Unfortunately, Hungary is among the TOP 15 nerve-racking nations to drive in.

According to Traffix, India is at the top of the list. That is not surprising since the highest number of car accidents happen in the subcontinent. In 2022, there were 461,312 accidents on India’s public roads, more than 168 thousand fatal, based on data published by the Australian Drive Magazine.

The main reasons are the lack of proper infrastructure and proper rules, and the driving customs of the locals.

Venezuela is the second on the list. Among the top reasons are the heavy rains and inundations in the South American country with the lack of maintenance.

Zimbabwe in Africa is the third most dreadful concerning driving because of the high rate of pedestrians dying in car accidents. As a result, local authorities built speed limit devices into the buses, so they cannot exceed 100 km/h.

Hungary is the 15th most dangerous country for drivers

The fourth is Morocco, where the main reason for fatal accidents is speeding. 40% of the accidents are caused by scooters. The fifth is Thailand, where scooters cause 83% of the accidents. There are multiple reasons behind that horrific data. Police are underpaid and lack the resources and skills to apprehend speeders. Furthermore, the development of the local roads did not pay attention to the needs of scooter owners.

Hungary is 15th on the list with 6.52/10. In India, that rate is 7.15/10. Only three more countries are on the list from the Central and Southern European regions. Greece is 23rd, Italy is 24th, while Türkiye is 12th. Interestingly, Japan is 19th.

New survey shows that Hungary is among the countries where driving is nightmarish
Driving in Budapest and Hungary is nerve-racking. Do you agree with the survey? Photo: depositphotos.com

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Featured image: depositphotos.com

Hungary to extend M6 motorway and build new bridge in Mohács by 2028

The new Danube bridge at Mohács

Construction and Transportation Minister János Lázár met with Mohács (S Hungary) city leaders to discuss developments on Thursday.

At a press conference with Mayor Gábor Pávkovics after the meeting, Lázár said the M6 motorway would be extended to Mohács by 2026 and the city’s bridge spanning the Danube would be completed by the summer of 2028 along with a 19m connection between the bridge and the 51 primary road at a cost of HUF 390 billion (EUR ). Afterwards, a dual carriageway will be built between Baja, to the north of Mohács, and the southern border, he added.

Lázár said railway developments were also being weighed in the interest of turning Mohács into a logistics hub.

He added that HUF 10bn had been earmarked for a memorial at the site of the Battle of Mohács, in time to mark the 500th anniversary on August 29, 2026.

Lázár also visited Baja, where he met with Mayor Bernadett Bari. He said Baja and Mohács could become a commercial centre and a transport hub for people and goods.

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Planning a road trip in Hungary? 2025 motorway vignettes go on sale soon!

matrica motorway vignette sticker highway hungary

Starting 1 December, Hungarian motorway vignettes for 2025 will be available for purchase, with prices increasing again next year. The annual vignette for passenger cars will cost HUF 59,210 (EUR 144), and penalty fees will also rise, starting at HUF 26,640 (EUR 65) and climbing to HUF 91,780 (EUR 224) if unpaid within 60 days.

In 2023, over 1 million penalties were issued for vehicles using toll roads without a valid vignette, and 1.5 million cases involved foreign drivers referred to international collection agencies, Turizmus Online reports based on MTI.

matrica motorway vignette sticker highway hungary
Source: Magyar Közút

A survey by autópályamatrica.hu revealed that many complaints stem from late penalty notifications, often months after the violation occurred, leaving drivers unable to prove they had purchased a vignette. Others unknowingly violated rules, thinking their vignette was still valid or making mistakes they were unaware of until multiple infractions had accumulated.

Interestingly, 70% of drivers are unaware they can retroactively resolve penalties by purchasing an annual vignette, though this requires submitting a request to the toll authority, NÚSZ. Tourists planning to drive in Hungary are encouraged to carefully manage their vignettes to avoid hefty fines.

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Budapest’s parking crisis: Growing consensus that the city is no longer drivable

budapest traffic parking

The increasing number of cars in Budapest has turned parking into a growing crisis, with limited public space and rising demand causing widespread frustration. To address the issue, city leaders are introducing higher fees and new restrictions, signalling a shift towards discouraging car use in favour of public transport, cycling, and walking. Yet, these measures may not be enough to tackle the deeper challenges posed by the city’s unsustainable parking and traffic systems.

The number of vehicles participating in Budapest’s traffic is steadily rising, while the public space available for parking remains static. In response, the city and various districts are raising parking fees, acknowledging that the days of easy downtown driving and parking are numbered.

According to Index, parking on public streets is seen as a major issue, taking up space that could be repurposed for more efficient uses. This concept, also highlighted in mayoral candidate Dávid Vitézy’s campaign, has inspired district leaders across party lines to rethink parking policies. Currently, 13 of Budapest’s 23 districts (Districts 1–3 and 5–14) operate paid parking systems, with outer districts yet to implement fees. The most expensive zones—such as Víziváros, Újlipótváros, Terézváros, and Józsefváros—charge up to HUF 600 (EUR 1.5) per hour, with a three-hour parking limit.

Proposed fee hikes and weekend charges

New system for parking in Budapest from 2026
Photo: FB/Tamás Soproni

Mayor Gergely Karácsony has proposed further increases to parking fees and the introduction of weekend charges in premium zones. He also aims to end free parking for green-plate vehicles, arguing that this privilege disproportionately benefits wealthier car owners at the expense of others. The plan includes incentives for using public transport, such as discounts and subscription benefits.

District-level solutions

Several districts have already implemented changes to address the imbalance between available parking spaces and demand. Terézváros, for instance, introduced resident-only parking zones and expanded paid parking areas to reduce the influx of non-resident cars. They have also promoted alternative transport with subsidies for bicycle purchases and free annual passes for students.

However, district leaders acknowledge that parking supply cannot keep up with the growing number of cars—up by 150,000 in the past five years. Civil organisations are advocating for more drastic measures, including doubling parking fees for non-residents and gradually raising costs for locals.

Pressure from the suburbs

Adding to the problem is increasing traffic from the suburbs, driven by high property prices in Budapest. Many commuters park on the outskirts and continue their journey using public transport. In response, districts like Józsefváros have significantly raised parking permit fees for residents, setting a precedent that other districts plan to follow from 2025.

A call for systemic change

The root of Budapest’s parking crisis lies in the overwhelming volume of cars, which existing measures can only partially address. The Budapest Mobility Plan outlines ambitious goals, aiming to reduce car use from 35% of trips to 20% by 2030, while increasing public transport, cycling, and walking. Achieving this vision will require a fundamental shift in how the city approaches mobility, prioritising sustainable and efficient transport over car dependency.

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