Incentives for the purchase of electric vehicles, including taxis and buses, and transportation means with lower emissions in combination with a car scrappage scheme were announced on Thursday by Transport Minister Yiannis Karousos.
The first scheme, with a €4m budget, concerns the scrappage of cars older than 12 years and their replacement with new ones with lower emissions, or with electric bicycles or in exchange for bus tickets.
For the scrappage of an old car and its replacement with a new one that emits less than 50 grammes per kilometre of carbon dioxide, the subsidy is at €7,500. In total 360 subsidies will be given.
Regarding the withdrawal of an old vehicle and its replacement with a new electric bicycle, the subsidy is at €1,000 (533), while for the withdrawal of an old vehicle in exchange for free tickets on regular bus lines the subsidy will amount to €750-worth of coupons (100).
Applications for this scheme will be accepted between December 6 and 20. Priority will be given based on the age of the car slated for scrappage. Older ones will be given priority.
The cars slated for scrappage must have a valid road tax licence and be registered in Cyprus for the past consecutive seven years. In case a car has been immobilised, it must have a valid road tax licence within the last 18 months and not have a cancelled registration on the day the applications start.
The second scheme is in the form of an "eco-reward" for the purchase of zero-carbon emissions (purely electric) vehicles, including bicycles, with optional, subsidised scrappage of old vehicles, aged 12 years and over. The budget for this scheme is €8m.
For the purchase of a new electric car, the subsidy is €9,000, and an additional €1,000 if applicants want to scrap an old vehicle. In total 360 subsidies will be given for this category.
The scheme also provides subsidies for the purchase of large electric buses (€100,000), small buses (€40,000), commercial vehicles (€20,000) and the purchase of electric mopeds, motorcycles, tricycles, or lightweight four-wheel vehicles (€1,500).
According to Karousos, who said 50 per cent of emissions come from transportation, these schemes aim to promote electric motoring and the introduction of more electric vehicles in the country but also vehicles with low carbon dioxide emissions.
On the benefits of electric vehicles, Karousos referred to low charging costs with a reduction of up to 64 per cent in comparison with conventional fuel, free road tax licence, free parking in some municipal parking areas, low maintenance costs, and reduction of pollutants even in the way energy is produced today in Cyprus.
He said the goal is for electric cars to make up one fourth of newly registered vehicles by 2030 with a gradual rise of these numbers so that almost all of new registrations by 2035 concern electric vehicles.
Forty new electric cars have arrived for government use in Cyprus, signaling the country''s welcome of a greener future. With the introduction of these eco-friendly cars, Transport Minister Alexis Vafeadis took a step toward replacing outdated, polluting cars and achieving environmental objectives.
In December, Vafeadis shared plans for a new set of subsidies designed to increase public access to electric vehicles. In order to meet the demands of the growing electric vehicles, he guaranteed that the government is also preparing to install charging points in its buildings.
Vafeadis announced plans to install chargers at petrol stations in order to address infrastructure problems and guarantee that owners of electric vehicles would have extensive access.
The electric vehicles were purchased for €1,466,080.00, in line with the EU''s clean vehicle goals. In keeping with Cyprus''s goal of electric mobility, the Department of Electromechanical Services will also set up charging points at the locations where the new electric cars will be deployed.
ZEV Related PoliciesUnder the EU CO2 standards, all new cars and vans must have zero CO2 emissions from 2035. Cyprus aims for 25% of new vehicle registrations to be electric by 2030 and 100% by 2035.
Vehicle IncentivesPhase two of Cyprus''s EV purchase scheme has a budget of €10 million to accelerate the transition to zero-emission vehicles. Zero-emission and plug-in hybrid cars with CO2 emissions up to 50g/km are eligible for €10,000 and €7,500 respectively. To qualify, vehicles must have an MSRP below €80,000.
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