Hungary Cracks Down on $20 Billion Electric Vehicle Industry and Raises Taxes
Hungary’s new leadership is cracking down on environmental violations and raising taxes on the country’s $20 billion electric vehicle sector.
The policy shift ends a period of political protection for the industry that had previously been backed by former prime minister Viktor Orban. The government has not yet disclosed specific tax rates or an implementation schedule.
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@businessHungary’s $20 billion electric-vehicle industry, which long enjoyed the protection of ex-premier Viktor Orban, is facing a reckoning as the country’s new leadership cracks down on environmental violations and looks to raises taxes. https://
@firstsquawkHungary’s $20 billion electric-vehicle industry, which long enjoyed the protection of ex-premier Viktor Orban, is facing a reckoning as the country’s new leadership cracks down on environmental violations and looks to raises taxes.