Government incentives for plug-in electric vehicles

Cyprus Transport Minister Alexis Vafeades unveiled a new 36.5-million-euro electric vehicle subsidy scheme on Thursday, financed by the EU's Recovery and Resilience Facility.

Slovenian buyers can get state subsidies for new or used zero-emission cars or vans worth up to €6,500, a substantial increase from the previous level of subsidies. Buyers of cheaper vehicles stand to benefit the most.

15% growth in sales of new cars in Bulgaria for the first five months of the year, according to the data of the Association of Automobile Manufacturers in Europe (ACEA).

Representatives of the auto industry expect around 400,000 to 450,000 vehicles to be sold in the next 7 months with total car sales on the local market reaching around 900,000 this year.

The first five months of 2023 saw record sales of passenger cars and light commercial vehicles as many consumers turned to cars as safe "investment."

The European Commission announced today that it is taking Bulgaria to court on three cases - for clean vehicles, for the electronic toll service and for the marketing of natural mineral and spring waters.

Clean vehicles

Electric cars remain an unaffordable luxury for the majority of Greeks and Europeans in general, as in spite of state subsidies, which were also provided in Greece, the purchase cost is in some cases even double that of a conventional car.

Electric car sales set a new market share record in the European Union in 2022, industry figures showed yesterday, as the region seeks to rid itself of fossil fuel cars.

Battery-powered electric cars accounted for 12.1 percent of new car sales, compared to 9.1 percent in 2021 and 1.9 percent in 2019, according to the European Automobile Manufacturers' Association (ACEA).

Sales of electric vehicles set a new record for market share in the European Union in 2022, industry data shows, as the region moves to wean itself off fossil fuel-powered cars.

Battery electric cars account for 12.1% of new car sales, compared to 9.1% in 2021 and 1.9% in 2019, according to the European Automobile Manufacturers Association (ACEA).

The "Kinoume Ilektrika" state program of subsidies for the acquisition of electric vehicles has received about 10,000 applications since July 2020, General Secretary for Energy Alexandra Sdoukou told a conference on Wednesday.

The government is preparing significant tax incentives to encourage the use of zero- and low-emission vehicles, as well as the proliferation of electric vehicle charging stations.