Chinese EV Brand Tops Electric Car Subsidy Claimants List
China’s BYD Leads in Government Program Supporting Electric Vehicle Purchases
The Energy Ministry recently announced on social media that China’s BYD is the top brand among applicants seeking support for purchasing electric vehicles through a government program. With over 1,500 BYD models requested, the brand has taken the lead in the scheme.
Following closely behind is Tesla, with over 1,100 applications for subsidies to purchase their models. Hyundai comes in third place with businesses applying for support for more than 500 of their models.
Other popular electric vehicle brands participating in the program include Volvo, Kia, Volkswagen, and Cenntro.
So far, a total of 6,800 EV purchase applications have been submitted as part of the program, which will run until the end of March. Businesses can apply for grants ranging from HUF 2.8 million to HUF 4 million per vehicle, depending on battery capacity. The program is funded by the European Union’s REPowerEU initiative.
It was also announced earlier that a new Chinese vehicle brand has entered the Hungarian market, showing the increasing presence of Chinese brands in the country.
Moreover, representatives from the China Certification and Inspection Group (CCIC) recently visited the ZalaZONE vehicle proving ground in Hungary. The delegation, invited by László Palkovics, discussed potential areas of cooperation, particularly in European certification tasks for Chinese manufacturers focusing on driver-assist and autonomous vehicle technologies. CCIC operates in 40 countries and regions with over 500 laboratories.
In a separate update, the Energy Ministry revealed that over 5,400 applications have been submitted for subsidies totaling HUF 26.2 billion in a scheme supporting electric vehicle purchases. BYD remains the most sought-after brand among applicants, with the Tesla Model Y being the most popular model. The program, which ends in March, has already approved approximately 4,400 applications, with a significant interest in light commercial electric vehicles.
