Ministry: Over 100 new electric vehicle chargers to be installed nationwide

According to a ministry statement, the new charging points will be financed from 28 billion forints (EUR 71m) of REPowerEU funding.

The programme to be launched in August invites businesses with a licence to operate electric chargers to build at least one charger in areas lacking such facilities, the statement said.

Bidders will be awarded with preferential loans between 100 million and 6 billion forints each, and expected to come up with a co-payment of at least 10 percent of the project, the statement said. Large companies may receive a grant to cover 35 percent of the total cost, while medium-size companies could benefit from a grant to cover 55 percent. SMEs could be awarded grants to cover 65 percent of the cost of their project, the statement said.

Bidders will be eligible for a grant if the chargers are planned for a “preferred region” or if they are designed to include an energy storage facility or equipped with a renewable energy generator, or connected to the TEN-T network making it suitable to charge heavy vehicles, the statement said.