Hungary’s Ambassador to the UK, Ferenc Kumin, has unveiled the nation’s ambitious vision to become a key player in Europe’s electric vehicle (EV) manufacturing landscape.
While acknowledging the dominance of global EV powerhouses such as China, the U.S., and Germany, Kumin highlighted Hungary’s growing stature in becoming a leading global EV-maker, at the London EV Show.
The Hungarian Ambassador emphasised the critical role of EVs in his nation’s economy:
“Automotive products make up 16.5% of our total exports,” said Kumin.The nation also prides itself in being the only country to host production units of the three premium car manufacturers – Audi, BMW and Mercedes-Benz – in Europe besides Germany. With new entrants like BYD, Hungary anticipates doubling its production to one million vehicles per year by 2028, which would position them among some of Europe’s top carmakers. A significant draw for manufacturers is Hungary’s robust battery ecosystem. With lithium battery production surging, Hungary have claimed to be aligning their supply chain to support electric mobility. However challenges persist as EV adoption plateaus across Europe and Hungary faces supply chain vulnerabilities, admitting that many of their small and medium-sized suppliers are “not yet prepared to meet the demands of global automakers”. With the added hurdle of infrastructure gaps, Hungary are still far from having a sufficient-enough charging network to serve the nation’s ambitious expectations of growth. Sign up to MOVEMNT’s free newsletter for the hottest mobility news and exclusive MOVE event updates
