Economic Council recommendations to promote the use of electric cars

In a series of proposals to promote the use of electric cars in Cyprus, the Council for the Economy and Competitiveness of Cyprus (CEC) has made.

According to a statement, the Council recognizes the importance of the actions already promoted by the government in relation to electrification and the achievement of the European goal set for zero emissions from new cars and trucks by 2035.

Wanting to contribute to the whole effort, he proposes the subsidization of interest rates on loans for green cars, the exemption of road taxes, the reduction of tax for companies that use electric cars and provide charging points, the grant of an amount to companies for car replacement, the expansion of the network of chargers, the creation of parking spaces specifically for electric cars and for the supporting policy he proposes the improvement of public transport with a view to the green transition and electrification.

He notes that in Cyprus, road transport is responsible for approximately 50% of greenhouse gas emissions in relation to activities not included in the Emissions Trading System and that Cyprus's national target for 2030 is as 25% of new vehicle registrations to be electrified and by 2035 this percentage should increase to 100%.

"However, the transition should be fair and inclusive. Citizens will be affected by this goal due to the increased costs they are asked to bear and therefore, the Government should find ways to support, especially the groups of the population/regions/sectors that are most affected" he says.

The entire text of the proposal is also posted on the Council's website.

Source: KYPE