E-Bicycle Subsidy 2nd Round Announced In Hungary

  • 5 Jan 2021 10:14 AM
  • Budapest Business Journal
E-Bicycle Subsidy 2nd Round Announced In Hungary
Applications for a second round of the Ministry for Innovation and Technology's call for proposals to support the purchase of electric-assisted bicycles are open from today, according to novekedes.hu.

The winners of the first stage will receive a total of nearly HUF 110 million to purchase more than 1,000 bicycles.

The application must be accompanied by proof of employment or income.

Up to half of the sale price of the vehicle can be covered by the support, meaning up to HUF 90,000 for bicycles with pedal sensors and HUF 150,000 for bicycles with torque sensors.

In the second round, eligibility of the application will be decided within 20 working days, and then within another 10 working days the support document necessary for purchasing will be issued to the approved applicants via the online portal.

Related links

Individuals Can Get E-Bike Subsidy In Hungary

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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