Third electric vehicle grant scheme in December 2023

07:51 - 13 November 2023

Economy Reporter

The new electric vehicle grant scheme will be announced in December 2023, according to a statement by the Ministry of Transport, Communications and Works.

It is noted that the scheme will involve subsidies for the purchase of both electric vehicles and low CO2 emission vehicles up to (50 g/km), as well as the scrapping of old polluting vehicles.

It is recalled that two similar sponsorship schemes have already been completed with a high impact. The Ministry says that the electric vehicle grant schemes contribute to achieving its goal of reducing pollutants in transport, based on the Republic of Cyprus' commitments to the European Union, as recorded in the National Energy and Climate Plan 2021-2030.

It is also noted that the grant schemes are financed by the European Union's Recovery and Resilience Fund.

(Source: CNA)

News Feed

Read More

CPI Holdings Plc announces definitive agreement for the acquisition of SCSS Fund Management Ltd
President discussing "three to four Commissioner portfolios" with von der Leyen
Total deposits show decrease, loans up in June
Electricity market to open in July 2025, Energy Minister reveals
The deadline is almost here: Submit your nominations now for the CBN Young Dragon Awards!
Any announcement on EPPO investigation into Vasilikos contract would have been considered interference, President says
Work & Play According to Taste
Limassol-based Nexters’ ‘Hero Wars: Alliance’ clears $1.5 billion in revenue
The Republic of Cyprus provided consent under IF/OECD to the Pillar 2 safe harbour rules
US Ambassador talks about bilateral ties with Cyprus at AHEPA Supreme Convention