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Wednesday, February 1, 2023

New grant for electric vehicles announced – Who are the beneficiaries?

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Ανακοινoθηκ&epsilon ; νΕα επιχορorγηση για ηλεκτρικο χorματα-Ποιοι οι δικαιοyχοι

The Ministry of Transport, Communications and Works announces the 2nd Announcement of Phase I of the Electrification Plan for the period 2022 – 2023.

The updated Plan is a continuation of Phase I of the Plans that were announced around the end of 2021, which were crowned with success after 7,000 citizens had expressed interest in purchasing an electric vehicle. It is noted that almost 100% of the beneficiaries of sponsorship for a private purely and partially electric vehicle have completed the vehicle ordering process.

The success of these Schemes has resulted in them being achieved and exceeded by a rate of 140% around national targets for new electric vehicle registrations for 2022, including plug-in hybrids and orders for the year due to the Plans.

In the context of further improvement of the Electrification Plans, based on the experience of the 1st Announcement, suggestions from experts in the sector, organizations and citizens, significant changes have been made to the Plan as presented below:

The Plans have been merged into an integrated Plan Subsidy of Electric Vehicles in combination with withdrawal of old polluting vehicles with 17 categories/types of subsidies and with a budget of €10,154,000.

The revised Plan includes a subsidy for:

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  • Purely electric and plug-in hybrid cars with CO2 emissions up to 50 g/km, with a purchase price not exceeding €80,000 including VAT for new cars and €50,000 including VAT. P.A for used vehicles,
  • L-category electric vehicles, i.e. motorcycles and mini-cars,
  • Electric assisted cycling bicycles (scooters and skates not included) combined with cash,< /li>
  • Bus tickets combined with cash.
  • In all categories/types of sponsorship for vehicles for private or business use, commercial vehicles and minibuses, it is mandatory to withdraw a vehicle that is older than or equal to 12 years, while during the application process the interested party must submit a specific form online, signed by the seller/representative (the form can be found on the website www.ev.gov.cy).

    The approval criteria have been modified and include:

    • For applications for vehicle categories E1 to E4, E16 and E17 (low CO2 emission vehicles – up to 50 g/km), the priority criterion for approval is the age of the vehicle to be withdrawn. That is, the oldest vehicle to be retired gives priority to the applicant.
    • For applications for vehicle categories E5 to E11 (purely electric vehicles), an online lottery will take place after the deadline for applications. That is, priority will not be given depending on the time and day of submission of the application. Therefore, applicants do not need to submit their applications once the application portal is in place, as this does not give them any advantage.
    • For e-bike applications one of the above procedures will apply, depending on type of sponsorship (see Sponsorship Tables).

    Applications will only be made online on the website www.ev.gov.cy and their submission period will be from January 9, 2023 at 11 a.m. :00 am until March 9, 2023 at 11:00 a.m.

    The number of grants per category, the grant amount as well as the application submission and approval process are presented below:

    Case 1

    For the following grant categories the declaration of the vehicle to be withdrawn is required when registering the application.

    Presentation of the Certificate of Expression of Interest is mandatory.

    The order of ranking of the applications will be based on the date of the first registration of the vehicle to be withdrawn which will be declared.

    For sponsorship categories E1, E2, E3 and E4 eligible vehicles for purchase and sponsorship are plug-in hybrids with CO2 emissions up to 50 g/km and purely electric vehicles.

    For the E16 category eligible for purchase and sponsorship are electric assisted cycling bicycles (scooters and skates not included) as described below.

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    E1

    Sponsor Category

    Description

    Sponsorship Amount

    Number of Sponsorships

    Category Groups

    Withdrawal and replacement with a new private vehicle with low CO2 emissions (up to 50 g/km)

    € 7,500

    260

    A

    E2

    Withdrawal and replacement with a new low CO2 taxi vehicle (up to 50g/km)

    €12,000

    17

    A

    E3

    Withdrawal and replacement with a new vehicle of low of CO2 emissions (up to 50 g/km) for the beneficiary of a disabled vehicle

    € 10,000

    10

    A

    E4

    Withdrawal and replacement with a new vehicle with low CO2 emissions (up to 50 g/km) for a large family

    € 10,000

    10

    A

    E16

    Withdraw and contribute €400 towards the purchase of a new electric bicycle (assisted cycling) without restriction on the position of the motor or battery and in addition one-time grant of €500

    €900

    155

    C

    E17

    Withdrawal against provision of €250 worth of free tickets for use on regular lines buses and the lump sum of €500

    € 750

    790

    D

    Case 2nd

    For the sponsorship categories below, it is not necessary to declare a vehicle to be withdrawn during the registration application. However, a vehicle to be withdrawn during the stage must be declared sending the order confirmation.

    Presentation of Confirmation of Expression of Interest is mandatory.

    The order of ranking of the applications will be done by lottery.

    Eligible vehicles for purchase and sponsorship are all-electric vehicles.

    Sponsorship Category

    Description

    Sponsorship Amount

    Number of Sponsorships

    Category Groups

    E5

    Grant for the purchase of a new vehicle for private use with zero CO2 emissions

    € 10,000

    500

    A

    E6

    Sponsorship for the purchase of a new taxi vehicle with zero CO2 emissions

    €15,000

    15

    A

    E7

    Grant for the purchase of a new vehicle with zero CO2 emissions  for the beneficiary of a disabled vehicle

    € 12,000

    12

    A

    E8

    Grant for the purchase of a new vehicle with zero CO2 emissions for a large family

    € 12,000

    12

    A

    E9

    Grant to purchase a used vehicle for private use with zero CO2 emissions

    € 5,000

    50

    A

    E10

    Grant for the purchase of a new N1 electric vehicle (commercial vehicle with a gross weight of up to 3,500 kg) zero of CO2 emissions

    €15,000

    30

    A

    E11

    Sponsorship for the purchase of a new M2 category vehicle (small bus) with zero CO2 emissions

    € 40,000

    2

    Case 3

    For the sponsorship categories below no vehicle to be withdrawn is required.

    The ranking order of the applications will be made by lottery.

    Eligible vehicles for purchase and sponsorship are the pure electric category L for sponsorship categories E12 and E13 such as described below.

    For categories E14 and E15 eligible for purchase and sponsorship are electric assisted cycling bicycles (scooters and skates are not included) as described below.

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    Grant for the purchase of a new L-category zero-emission CO2 vehicle (excluding L6e (sub-category 'B') and L7e (sub-category 'B and C') vehicles, e.g. motorcycles

    Sponsor Category

    Description

    Sponsor Amount

    Number of Sponsorships

    Category Groups

    E12

    Sponsorship for the purchase of a new vehicle with zero CO2 emissions of category L6e (sub-category “B”) and L7e (sub-category “C”) e.g. mini-cars

    € 4,000

    5

    A

    E13

    €1,500

    420

    B

    E14

    Grant for the purchase of a new electric bicycle (assisted cycling ) with  engine in the center and  battery built in or fit in

    € 1,000

    55

    C

    Q15

    Sponsorship for the purchase of a new electric bicycle (assisted cycling) without restriction for the position of the motor or battery

    € 400

    Please note that a natural person can apply for only one sponsorship category (E1 – E17) per each Category Group (A, B, C and D). In the event of an application in more than one category per group, the application made on the most recent date and time will be taken into account (eg if an applicant submits an interest in Category E1 (Group A) and repeats the process for Category E2 (Group A), the only application that will be considered is that of Category E2 that was made on the most recent date and time).

    Each legal entity can submit up to ten (10) applications in total per single business for the sponsorship categories from E1 to E13. It is noted that, in the event that more than ten applications are registered, the last ten applications will be taken into account and the previous ones will be cancelled.

    It is noted that vehicles that meet the criteria below, can be used for withdrawal purposes:

    • be of category M1 or N1,
    • be over or equal to twelve (12) years of age, the which are calculated from the date on which the vehicle was registered in any country as new until January 9, 2023,
    • has been registered in the Register of the Commissioner of Motor Vehicles for the last seven (7) consecutive years from on January 9, 2023,
    • it has a valid registration license on the date of the start of accepting applications or it has been declared as immobilized and has had a valid registration license for it for any period within the last eighteen (18) months from January 9, 2023, and< /li>
    • not have a canceled registration until January 9, 2023.

    Source: www.reporter.com.cy

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