Hungary Crackdown on $20 Billion EV Sector Puts China on Notice
Hungary’s $20 billion electric-vehicle industry, which has long enjoyed the protection of former premier Viktor Orban, is facing a reckoning as the country’s new leadership cracks down on environmental violations...
By Thomas Escritt and Marton Kasnyik · Bloomberg Markets
Hungary’s $20 billion electric-vehicle industry, which has long enjoyed the protection of former premier Viktor Orban, is facing a reckoning as the country’s new leadership cracks down on environmental violations and looks to raise taxes.