Headline Target: No sales of vehicles producing CO2 by 2035 (EU phase-out)

Car Manufacturing Country: No passenger car manufacturing.

Purchase Incentives for Cars: Scrappage scheme incentives, registration tax exemption, ownership tax reduction.

Supplier Regulation Policy: EU emissions performance standard (Tightening CO2 regime)

Infrastructure Incentives: None

Cyprus’ transition has seen a recent uptick in pace with EVs growing in popularity as 2024 progressed. 

Maintaining and growing this rate of market expansion will be necessary to meet the EU’s interim targets of a 30% decrease in emissions overall by 2030.

Through the EU’s recovery and resilience programme the country has been awarded 1.4 billion Euros to improve the electrification process in the country. This is funding projects such as installing 1,000 EV chargers across the island and funding the scrappage scheme.