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[PIO] Approval of the sponsorship plan for the installation of 1,000 electric vehicle recharging points by the Council of Ministers

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At its meeting today, the Council of Ministers approved the second phase of the sponsorship project for the installation of 1,000 electric vehicle recharging points, called "Electrification with 1,000".

The responsible body for the implementation of the project is the Department of Electromechanical Services of the Ministry of Transport, Communications and Works in cooperation with the Cyprus Energy Office.

The project is included in the National Recovery and Resilience Plan, with the policy axis of rapid transition to a green economy-sustainable transport, and its implementation will contribute to the reduction of greenhouse gas emissions, as well as other pollutants. The budget available for this phase is €2.5 million.

The project is part of the Ministry of Transport, Communications and Works' commitments to reduce greenhouse gas emissions and promote the use of sustainable technologies, alongside the plan to promote electrification for the purchase of vehicles with zero or low CO2 emissions. It aims to promote electromobility through the development of an extensive network of electric vehicle recharging points.

Eligible locations for the installation of chargers are public parking lots, such as municipal and community parking lots, private parking lots (e.g. parking lots of department stores, hotels, supermarkets, banks, private hospitals, shopping malls, etc.), petrol stations, recharging stations, and on-street parking (on-street parking or along the roadway).

The beneficiaries of the grants are natural persons, legal persons (companies, associations, unions, foundations, federations), non-governmental organisations (NGOs), legal persons governed by public law, local authorities carrying out an economic activity for the purpose of this project and being owners or tenants of parking spaces for public use and operating in areas under the control of the Republic of Cyprus.

It is clarified that the beneficiaries do not include natural or legal persons who aim to install the station for private use (e.g. charging the organisation's vehicle fleet).

The scheme subsidises up to 45% of the cost of installing electric vehicle recharging points. Applications will be accepted until May 31, 2024.

On Tuesday, 19 March 2024, the information of the second phase of the project will be posted on the website and interested parties will be able to apply.

More details about the project here.


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