Electric Vehicles

Hungary's Electric Vehicle Fleet Surges Nearly Ninefold Since 2010

Hungary now has over 68,000 fully electric vehicles (EVs) on its roads, marking nearly a ninefold increase compared to the start of the decade, according to a report by AutóSzektor citing the Ministry of Energy (EM). In the first 11 months of 2024 alone, the climate-friendly fleet expanded by nearly 20,000 new vehicles. Projections by the ministry indicate that this figure could climb to 120,000 EVs by 2026.

This year set records for EV adoption, with March seeing 2,108 new green license plates issued. Supporting this growth are government-backed initiatives totaling HUF 60 billion. Businesses have access to a HUF 30 billion fund to subsidize the purchase of fully electric vehicles, while rural charging infrastructure will benefit from a HUF 28 billion allocation. This funding is expected to establish over 100 new charging stations nationwide in the coming years, significantly enhancing EV convenience.

The shift toward green transportation has already delivered environmental benefits, with the transport sector's emissions decreasing by 7% in 2023. The government aims to further reduce the ecological impact of road transport through continued support for sustainable mobility, advancing its vision for a greener future.

Source: 10 Perc

Eldrive Opens First Electric Vehicle Charging Park in Lithuania, Plans Expansion to Bulgaria by 2025

Eldrive officially launched the first electric vehicle (EV) charging park in Lithuania and the Baltic States today. The park can charge up to 20 EVs simultaneously, featuring individual charging points with a capacity of 200 kV DC and a total installed capacity exceeding 2 MW. It marks the first facility

Kempower and DP World Partner to Deploy Europe’s First 500A Continuous Charging System

Finnish DC fast-charging manufacturer Kempower and global logistics leader DP World have completed Europe’s first ultra-high-power 500A continuous charging system for Kalmar electric straddle carriers at the DP World London Gateway port. The project features eight liquid-cooled Charging Satellites, eight 550 kW Power Units, and the Kempower ChargEye Charging

Element Energy Builds World’s Largest Energy Storage Facility Using Recycled EV Batteries

Element Energy, a California-based company, has completed a 53-megawatt-hour energy storage facility in West Central Texas, utilizing 900 recycled electric vehicle (EV) batteries. The project, funded by the U.S. Department of Energy (DOE), received $7.9 million in financial support. The facility, described as the largest grid-connected energy storage

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