BYD leads the popularity ranking in the Energy Ministry's corporate electric car programme

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In the Hungarian corporate electric vehicle tender opened exactly one year ago today, the majority of the HUF 30 billion budget, namely HUF 22.2 billion has already been committed by the nearly 5,000 companies applying for support, and the Chinese BYD brand is the most popular among the vehicles applied for, with a share of nearly 25%, according to a Facebook post by the Ministry of Energy on Wednesday morning. Applicants should hurry because the call closes at the end of March.

According to the latest figures,

  • 4,871 companies applied for a total of HUF 22.2 billion to buy 5,727 cars. More than 3800 applicants have already been awarded and contracted 17.4 billion HUF.
  • A third of the applicants have so far been paid a total of more than HUF 7 billion.
  • More than three quarters of the applicants will purchase a passenger car with the aid.
  • BYD leads the popularity ranking of brands with 1,378 units and Tesla Model Y leads the ranking of models with 548 units.

The above means that

the Chinese company has a 24% share of the Hungarian electric car market.

In the tender, which was opened on 5 February 2024, companies can apply for between HUF 2.8 and 4 million per car, depending on battery capacity and vehicle category, to purchase green cars. Depending on the number of employees, a company can receive between HUF 2.8 and 64 million in total to upgrade its fleet with climate-friendly vehicles.

The number of cars you can apply for depends on the number of employees. Up to 9 employees can apply for 1 car, 10-49 employees for 5 cars, 50-249 employees for 10 cars and 250 employees and up to 250 employees for a maximum of 16 cars. The amount of the grant depends on the net purchase price of the vehicle, the gross battery capacity and whether the application is for a car or a truck. Buying the EV(s) can take up to 20 months to complete from the start date, with a final deadline of 30 April 2026.

 

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