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Hungary

Government incentives 2023

Registration tax benefits

> Cars with green plates (environmentally friendly vehicles) are exempt from paying registration tax. Classifications with no registration tax:

- “5E” (100% electric).

- “5N” (plug-in hybrid).

- “5P” (100% electric for at least 50 km).

- “5Z” (zero-emission cars).

> For other vehicles, the system is progressive, with different levels of technical properties (engine capacity and environmental classification) that pay different amounts of registration tax.

The registration tax for regular hybrids is €209.

Ownership tax benefits

Cars with green plates are exempt from paying vehicle tax and property transfer tax. Other cars pay vehicle tax and transfer tax regressively, based on the age of the vehicle and its engine power.

Company tax benefits

Environmentally friendly cars are excluded from the scope of the law for company car tax.

Local incentives

> Free parking in public places in numerous towns.

> Traffic allowance during smog alerts.