The Minister of Transport, Communications, and Works, Alexis Vafeadis, expressed his belief to Cyprus News Agency that the new grant scheme for electric mobility will likely be exhausted well before its official closing date.

As he explained, with the completion of the existing grant scheme for e-mobility, which concerns 97 grants left unused from the previous Recovery and Resilience Fund program, the government is moving forward with a new scheme funded by state resources amounting to €2.5 million.

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The Minister also referred to bus stops, saying that new types of bus shelters will soon begin to be installed.

Regarding the Electric Mobility Scheme announced a few days ago, Mr. Vafeadis said the plan covers two phases. The first, which fell under the Recovery and Resilience Plan, refers to the scheme that had expired but still had 97 applications pending, either because they did not proceed or were canceled.

“Therefore, we are starting by offering these 97 applications — details are available on the website of the Department of Road Transport — giving those who missed the previous scheme a chance to participate now,” he said, noting that vehicle registration for this scheme must be completed by December 31, 2025.

He added that once these grants are exhausted, the Cabinet has decided to allocate another €2.5 million for a new scheme funded by state resources, which will begin as soon as the previous one runs out.

He noted that the participation terms for the scheme remain the same except for the registration deadline of the new vehicle, which is set for October 31, 2025.

Based on what he has heard from importers regarding vehicle deliveries, he believes the scheme’s funds will be exhausted much earlier than the official deadline.

When asked about the installation of smart bus stops, Mr. Vafeadis said that the project is moving forward and that the installation of a different type of shelter will soon begin.

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He explained that the shelters installed so far are in areas with limited use, while in areas with higher use, installations will take place at a later stage.

He gave the example of bus stops to be placed in mountain regions, which will be larger and provide more protection from weather conditions. “We will see new models of bus stops very soon,” he said.