Key Market Indicators
Hungarian electric vehicle (EV) registrations are projected to double by 2028, reaching approximately 26,350 units. This marks a significant increase from the 13,710 units registered in 2023. The growth rate averages around 10.1% annually. Since 2019, Hungary's EV market has shown robust expansion, with an impressive 46% year-on-year increase. Despite this growth, Hungary ranked 16th in 2023, with Poland surpassing it by registering the same number of units. In the broader European context, Sweden, Italy, and the Netherlands occupied the second, third, and fourth positions, respectively, in the EV registration rankings for 2023.
