More than 800 applications for a subsidized electric bicycle purchase have been made

The first 533 beneficiaries will receive the grant.

The applications for a subsidy for the purchase of an electric bicycle have exceeded 800, according to the Minister of Transport, Giannis Karousos, in just a few hours as today was the first day that the applications opened.

At the same time, applications will be accepted until January 31, 2022, at 10 am, however according to the plan only 533 sponsorships will be given, a number that seems to have been far exceeded from the very first hours.

We remind you that those interested can submit an application electronically through the website of the Department of Road Transport from today Monday, January 17, at 11 am, until January 31, 2022, at 10 am. The total amount that will be allocated for the first phase of the Plan amounts to € 240,000.

The Plan is fully funded by the European Union Recovery and Sustainability Plan.

The maximum sponsorship amount is € 1,000 and the maximum purchase price of the electric bike, including VAT, should not exceed € 6,000. It is emphasized that electric bicycles sold at a price higher than € 6,000 will not receive a grant. Eligible applications will be considered on a first-come, first-served basis.

Beneficiaries of the Plan are only natural persons. More information about the Plan is available at www.ev.gov.cy in the Plan Guide (Category H14). It is clarified that the built-in battery in the bicycle frame, referred to in paragraph 3.10 (c) (ii) of the Drawing Guide, may be of the “Built in” or “Fit in” type.

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