In Hungary, the sales of fully electric cars increased by the second highest rate in March in Europe, as announced by the Ministry of Energy (EM) on Thursday in a post on its Facebook page.
According to data collected by the European automobile manufacturers’ association (ACEA), last month saw a roughly 80 per cent increase in the sale of fully electric cars in our country compared to March of last year. Among the 31 countries covered, including EU member states as well as the United Kingdom, Iceland, Norway, and Switzerland, only ten reported growth in this indicator, with Hungary registering the second highest figure following a 128 per cent increase in Cyprus despite its low volume of sales.
The domestic demand for clean and silent vehicles is being stimulated for companies by a support programme launched in February.
The surge in sales largely contributed to an overall increase of 12 per cent in vehicle sales in Hungary in March. In this comparison, only six European countries reported positive data alongside Hungary, with the rest indicating a decline in statistics. Hungary’s figure ranks second behind Bulgaria’s 29 per cent increase.
Examining the sales of exclusively electric vehicles in the first quarter of 2024, Hungary also stands out among the European leaders. The 38 per cent growth reported for the first three months of 2024 ranks as the fourth largest, highlighting the domestic growth trend.
The Hungarian government is supporting companies in the acquisition of electric vehicles with a grant totalling 30 billion forints. So far, 2577 businesses have applied for a total of 12.2 billion forints to purchase 3147 vehicles. As a result of this support, record numbers of vehicles were registered with green license plates in February and March.
The continuation is imminent, as a credit programme for fleet service providers will soon be introduced.
The ministry statement stressed that the recent surge in electric vehicle sales underscores Hungary’s commitment to embracing green energy and reducing carbon emissions. With the government’s continued support and the growing awareness of environmental issues, electric vehicles are expected to play an increasingly significant role in Hungary’s transportation landscape in the years to come.
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Sources: Hungarian Conservative/Ministry of Energy
