Hungarian Electric Vehicle Market leads the Way in CEE

Hungary's share of new EVs outpaced Czech Republic, Poland, and Slovakia.


The European electric vehicle (EV) market is expanding, with Hungary leading the way in Central Europe, as per a K&H Bank study. Despite this, Central Europe trails behind the EU average of 12 percent EV market share. In Q1 of 2023, 12.1% of new cars were EVs, a significant rise from 10% in the same period in 2022. Hungary’s share of new EVs rose from 4.4% to nearly 6%, outpacing Czech Republic (2.4%), Poland (3.3%), and Slovakia (1.8%). 32,000 EVs and PHEVs are on Hungarian roads, making up 0.78% of all vehicles, a higher ratio than in the Czech Republic and Slovakia. Despite higher costs, EV adoption in Hungary is promoted by free city parking, free solar electricity, and growing environmental awareness. 

Source: hungarytoday.hu

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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