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Incentives for old petrol cars to be scrapped for electric ones to be announced on Thursday

An attractive incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly electric one will be made available to Cyprus residents before December’s end.

On Wednesday, the Cabinet approved Transport Minster Yiannis Karousos’ proposals which are to be presented at a press conference at the Presidential Palace on Thursday.

The scheme with a budget of €45 million is another step towards clean mobility and for Cyprus to achieve the EU’s target for all cars to be electric by 2035.

The scheme will cover all-electric vehicles, from cars and motorcycles and other vehicles powered solely by electricity for all purposes – from private use to taxis and commercial vehicles.

At the same time, the Minister will provide specific incentives for those who do not want to purchase an electric car now to withdraw their high emissions vehicles and use other transportation means for their movement.

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