Surge in Demand: Czech Entrepreneurs Seek Funding for 6,100 Electric and Hydrogen Vehicles Amid Green Mobility Push

5,907 entrepreneurs who wanted to buy 6,100 electric or hydrogen cars applied for a loan guarantee and a subsidy to buy an electric car. This is 2,000 more than the Czech Republic‘s commitment from the National Recovery Plan. Entrepreneurs also asked for support to install 2,696 charging stations. This was announced by the National Development Bank (NRB), which provided guarantees and subsidies in collaboration with the Ministry of Industry.

“The program to support electromobility began on March 18, 2024. Theoretically, according to the parameters of the call, the NRB was able to accept applications until the end of September 2025. The speed with which entrepreneurs and companies in for guaranteed loans. , however, he indicated from the beginning that the amount provided would be exhausted earlier,” said NRB board member Michal Nebeský. The money to support a clean transition was used in the less than seven months.

Entrepreneurs and companies could apply for a guarantee for a loan provided by a leasing company or a commercial bank in the Electromobility Guarantee program at NRB. They could also receive a grant in the range of 200,000 to 300,000 crowns.

The amount of money for the Electromobility Guarantee program was set at 1.95 billion crowns. 4,581 entrepreneurs have received support so far. Another 237 applications were approved and currently NRB is processing 1033 applications received. By October, the bank had paid out 335.4 million crowns to clients in financial contributions.

Among the candidates, the greatest interest is in personal electric cars. The NRB has applications for 5,946 electric passenger cars, 191 utility vehicles, three trucks and 2,696 charging stations. Among the brands, Tesla dominates with 2,593 requests, followed by Volkswagen with 569 requests, Volvo with 541 requests and Škoda with 533 requests. This is not about the final results, registration of applications received by NRB before the end of the intake continues.

As a result of subsidies to companies, sales of electric passenger cars on the Czech market increased by 62 percent to 8,706 cars in ten months, while the hybrid car market grew by 26 percent to 42,270 cars. Of these, 4,930 were plug-in hybrids. This follows from data from the Car Importers Association.

“However, the support for clean mobility does not end there. For example, the Ministry of the Environment is preparing calls for the purchase of emission-free trucks, means of public transport or trains with another driver with a total allocation of several billion crowns, financed by the new program of the Modernization Fund, ” said the director general of the Ministry of Industry, Eduard Muřický.

According to him, the Ministry of Transport supports the construction of charging infrastructure and the purchase of battery trolleybuses or low-floor trams for the City of Prague Transport Company.

The Ministry of Regional Development covers the purchase of electric buses, hydrogen buses, trolleybuses, trams and biogas vehicles for public transport operators in regions and municipalities, while the Ministry of Labor announced a call for low-emission vehicles to buy for social services, said Muřický.