< Back to all clusters
[BUSINESS] · Hungary · 2 sources

Hungary clarifies SME electric‑car subsidy and sees Chinese plug‑in hybrids dominate cheap market

The Hungarian government, via MP Kinga Kollár’s recent Facebook post, clarified that the €10 billion fund earmarked for modernising transport will not launch a new scheme. Instead, existing electric‑car subsidies for small‑ and medium‑sized enterprises will be accounted for under the current Recovery Plan. The post noted that “A mintegy 10 milliárd eurónyi összeg többek között felhasználható a közlekedés korszerűsítésére és fenntarthatóbbá tételére” and that support is available for the purchase of up to 10,000 electric vehicles by SMEs.

At the same time, the Hungarian plug‑in hybrid market is showing a surge of affordable models, especially from Chinese manufacturers. A recent price review listed the ten cheapest PHEVs, with the BYD Dolphin G DM‑i as the lowest‑priced at 9.6 million forints. Seven of the top‑ten models are Chinese, including several BYD variants, while other entries feature the Volkswagen Golf eHybrid and the Chery Tiggo 7 CSH. Prices range from about 9.6 million to over 15 million forints, highlighting a growing option set for cost‑conscious buyers.