Cyprus €20,000 EV Grant: Europe's Most Generous Incentive
Cyprus offers up to €20,000 for electric vehicles — the highest in Europe. Here's everything about eligibility and how to apply.
NextGreenPath
EV Expert
Cyprus €20,000 EV Grant: Europe's Most Generous Incentive
When I first saw the numbers, I thought it was a typo. €20,000 for buying an electric car? That's not a rebate — that's practically a free car.
But it's real. The small Mediterranean island of Cyprus offers the most generous EV incentive program in all of Europe. And it's not even close.
While Germany ended its subsidies, France offers €4,000, and most EU countries hover around €5,000-€8,000, Cyprus went all in. Here's everything you need to know.
The Grant Structure: What You Can Get
Full Grant Amounts
| Vehicle Type | With Scrappage | Without Scrappage |
|---|---|---|
| New Battery Electric (BEV) | €20,000 | €12,000 |
| New Plug-in Hybrid (PHEV) | €12,000 | €8,000 |
| Used BEV (1-5 years old) | €8,000 | €4,000 |
| Used PHEV (1-5 years old) | €4,000 | €2,000 |
| Electric Motorcycle | €2,000 | €1,500 |
| E-Bike | €400 | €300 |
Additional Benefits (Permanent)
Beyond the grant, EVs in Cyprus enjoy:
Why Is Cyprus So Generous?
It's a fair question. Cyprus is a small country with a modest budget. Why are they spending so aggressively on EV incentives?
The Official Reasons
The Real Driver
Cyprus has one of the lowest EV adoption rates in Europe. They're playing catch-up, and aggressive incentives are the fastest way to move the needle.
Plus, the math works for the government: importing less fuel saves foreign exchange, and EVs powered by local solar reduce dependence on volatile oil markets.
What the €20,000 Grant Gets You
Let's look at real prices after the maximum grant:
| Vehicle | List Price | Grant | Your Cost | Original Savings |
|---|---|---|---|---|
| MG4 Standard | €32,000 | €20,000 | €12,000 | 63% off |
| BYD Dolphin | €30,000 | €20,000 | €10,000 | 67% off |
| Nissan Leaf | €35,000 | €20,000 | €15,000 | 57% off |
| Hyundai Kona Electric | €38,000 | €20,000 | €18,000 | 53% off |
| Tesla Model 3 | €45,000 | €20,000 | €25,000 | 44% off |
| VW ID.4 | €48,000 | €20,000 | €28,000 | 42% off |
| Tesla Model Y | €52,000 | €20,000 | €32,000 | 38% off |
A brand new MG4 for €12,000. A Tesla Model 3 for €25,000. These are genuinely remarkable prices.
Eligibility Requirements
For the Grant
For the Scrappage Bonus (+€8,000)
To get the full €20,000 instead of €12,000, you must scrap an old vehicle:
Important: You can't just buy any old beater for €500 to get the bonus. The 12-month ownership requirement prevents gaming the system.
How to Apply: Step-by-Step
Step 1: Check Your Eligibility
Before anything else, confirm:
Step 2: Choose Your Vehicle
Browse available EVs at Cyprus dealers. Most major brands are represented:
Step 3: Purchase the Vehicle
Complete the purchase with the dealer. You pay full price upfront (the grant is reimbursed after).
Important: Get all documentation:
Step 4: Scrap Your Old Vehicle (If Applicable)
If claiming the scrappage bonus:
Step 5: Submit Your Application
Apply through the Ministry of Transport, Communications and Works:
Required Documents:
Submission Options:
Step 6: Receive Your Grant
Processing time: Typically 4-8 weeks for complete applications
Payment: Direct bank transfer to your Cyprus account
Tips for Maximizing Your Grant
Do
Don't
Can Non-Residents Benefit?
This comes up a lot. The short answer: no.
You must be a legal resident of Cyprus to receive the grant. Tourists, visitors, and people from other EU countries cannot claim it.
However, if you're an EU citizen considering a move to Cyprus (popular for tax reasons), the EV grant is a nice bonus.
Charging Infrastructure in Cyprus
A valid concern: Can you actually use an EV on a small island?
The Good News
Cyprus is only 240 km long. Most modern EVs can cross the entire island on a single charge with range to spare.
Public Charging
Home Charging
Range Anxiety?
On an island this size, range anxiety is essentially a non-issue. The longest drive you'd make is about 200 km, and there are chargers everywhere along major routes.
The Bottom Line
Cyprus's €20,000 EV grant is genuinely exceptional. If you're a Cyprus resident and in the market for a car, going electric is almost a financial no-brainer right now.
Even if you don't have a vehicle to scrap, the €12,000 grant plus zero registration and road tax makes EVs significantly cheaper than equivalent gas cars.
The program won't last forever. Funding is limited and allocated annually. If you're considering an EV, now is the time to act.
Useful Resources
Last updated: January 2026. Grant amounts and eligibility may change. Always verify with official sources.
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