VATupdate

No VAT deduction on electric cars

Purchasing and upkeeping electric cars – besides it having a lower negative impact on the environment in terms of pollutant emissions compared to vehicles with internal combustion engines – can be financially beneficial both for private individuals and business entities in Hungary. Despite being generally more expensive, the total cost over their useful life can be lower than that of a non-electric car. Thanks to their green licence plate, you can park free of charge in certain parking zones, and the cost of fuel and servicing are typically lower than that of petrol or diesel cars.

Source WTS

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