The Cypriot Council of Ministers approved a new electric vehicle (EV) incentive plan today, as announced by Minister of Transport, Communications, and Works, Alexis Vafeadis, following the cabinet meeting.

>>Cyprus Unveils New Electric Vehicle Subsidies: Grants Up to €20,000 Now Available<<

The plan, backed by state funds, aims to strengthen the market for fully electric and hybrid vehicles, Vafeadis stated.

He emphasized that promoting e-mobility is a core priority of government policy, noting that transitioning to clean forms of transport is essential for Cyprus to meet its environmental targets. “With this new scheme,” he said, “the Ministry of Transport, Communications and Works aims to support the electric vehicle market by offering grants and incentives for the purchase of both new and used vehicles, making e-mobility more accessible to a wider segment of the population.”

>>Electric Vehicle Grant Scheme in Cyprus Likely to Run Out Fast<<

Before the new plan officially rolls out, Vafeadis announced a redistribution of unused subsidies from the third call of the previous EV promotion scheme. Specifically, 97 grants for vehicles and 18 for motorcycles—originally tied to applications that were either cancelled or not finalized—will be made available again.

Once these remaining grants are exhausted, the new €2.5 million scheme will come into effect.

The new plan, funded by the national budget, will allocate €2.5 million toward EV and hybrid vehicle subsidies. The grant amounts remain the same as those offered under the previous scheme, with a total of 260 grants available for the purchase of fully electric and hybrid vehicles.

Vafeadis clarified that citizens who ordered a vehicle after the closure of the previous program are still eligible to apply for the new grant.

A detailed breakdown of grant categories, release dates, and terms and conditions will be published on the official website of the Department of Road Transport.

The Minister noted that approximately 100 grants from the earlier scheme remain undistributed. These will first be made available to the public. Once they are claimed, the new €2.5 million program will begin. “There is continuity here,” he emphasized. “We will fully utilize any unused grants from the Recovery and Resilience Plan before activating the new plan.”

He also confirmed that the application process will continue to operate on a first-come, first-served basis.