OMV will start building a network of 28 ultra-fast electric car charging stations on the country’s high-traffic routes in Hungary by the end of the year. The development will cost 2.1 million euros.

The units will have a maximum charging capacity of up to 300 kW and will be able to charge a vehicle up to a range of 200 kilometers in about 10-15 minutes, depending on the capacity of the car. The European Union is providing 1.05 million euros in funding for the seven sites in Hungary. The installation of the stations will be completed by the end of 2025.

The investment is part of a large project co-financed by OMV and the European Union to contribute to the development of a regional network for ultra-fast charging of electric cars by installing more than 400 charging points.

The large project in Eastern and Central Europe is being implemented by a consortium of three companies: OMV Petrom Marketing SRL (OPM RO), OMV Hungária Ásványolaj Kft. (OMV HU), and OMV Slovensko SRO (OMV SK).

The total investment is estimated at 39 million euros, of which around 15 million euros will be provided by the European Union through the Connecting Europe Facility, almost 5 million euros from bank loans and the remainder from private resources.

OMV entered the Hungarian market in 1990. Budapest-based OMV Hungária Kft. operates 201 service stations and has a 15 percent market share in Hungary. OMV Hungária employs nearly 60 people directly and its network of service stations employs approximately 1,700 people. OMV generated revenues of 62 billion euros in 2022 and employs around 22,300 people worldwide.