Since the launch of a generous subsidy program in March, over 3,000 applications have been submitted, claiming more than half of the 2 billion CZK budget.

Tesla tops the list with 1,680 subsidy requests, followed by Volvo and Škoda. The program, managed by the National Development Bank, offers up to 200,000 CZK for electric cars and 300,000 CZK for electric vans or hydrogen-powered vehicles.

With nearly 2,700 contracts signed and concerns growing about funding depletion, the program is rapidly advancing green transportation in the corporate sector. Despite challenges, the initiative is reshaping the Czech automotive market, positioning the country as a leader in Central Europe's move towards sustainable transport.

Source: Czech Daily

Prepared by the CzechTrade London team.