Cyprus: Plan for end-of-life vehicle removals and electric vehicle purchase receives extension

Cyprus: Plan for end-of-life vehicle removals and electric vehicle purchase receives extension

The Minister of Transport, Communications and Works, Yiannis Karoussos, following today’s Cabinet meeting, referring to the Revised Plan for the Removal and Replacement of Old Vehicles and the Promotion of Electric Vehicles for 2020, announced the Government’s intention to extend the implementation of the Plan, in order to satisfy the growing interest in electric vehicle purchases.

Specifically, Yiannis Karoussos said: “Yesterday was the first day that the Plan for old vehicle removals and replacements and the promotion of electric vehicles was set in motion. Due to the increased interest, especially in the matter of purchasing electric vehicles, the Council of Ministers has decided to extend this program to meet as many applications as possible for the purchase of an electric car with a budget increase. Within two weeks we will jointly submit alongside the Minister of Commerce a detailed proposal on which we will consider ways of extending this Plan. The new proposal will also include other issues related to electric cars, such as charging station infrastructure. So far, up until this morning we had received more than 450 applications for the purchase of an electric vehicle, whereas the original Plan provided for a subsidy of up to 100 vehicles. We feel it is appropriate and right, and we send out the message that we are promoting the use of these vehicles because the benefits are so great. The incentive will be the same, that is, € 5,000 for the purchase of a new electric car and, if combined with a scrapping, an additional € 2,000, that is a total of € 7,000. ‘

Asked whether this policy would remain in the new 2021 budget, Yiannis Karoussos said: “One of the ways to achieve our environmental goals is to replace the old vehicles with non-polluting vehicles, especially electric vehicles. Therefore, it will constitute a tactic and a strategy that will be established”. /ibna