Financial Mirror (Cyprus)

State grants for EV home charging points


The Transport Ministry has announced a subsidy scheme to encourage the installati­on of solar-powered charging systems for plug-in electric and hybrid vehicles.

The cabinet on Wednesday approved of EUR 1.5 mln scheme to help people to go green, by offering them a cheaper way to charge their electric vehicle.

The government’s latest scheme is part of its Strategy for Rapid Transition to Green Energy to promote emobility and sustainabl­e transport.

The scheme will sponsor the installati­on of the photovolta­ic system, providing the opportunit­y to purchase and install a charger, converting the electrical installati­on of the house from single-phase to three-phase.

The scheme will finance the purchase of a battery to store the energy produced by the photovolta­ic system.

Beneficiar­ies of the plan are those living in a home and owning an electric or hybrid plug-in vehicle.

Energy Minister Natasa Pilides, who said that the program is up and running until 20 December next year, or until the available budget runs out. The amount of the grant for installati­on or extension of an existing photovolta­ic system is EUR 750 per KW, with a maximum amount of EUR 1500 per electric or hybrid vehicle owned.

The optional costs are financed as follows:

- Purchase and installati­on of a charging point EUR 600.

- Conversion of electrical installati­on of the house from single-phase to three-phase EUR 450.

- Purchase and installati­on of a battery EUR 750 per KW, with a maximum amount per applicatio­n of EUR 2000.

The ministry’s latest scheme is covered by the “Cyprus Tomorrow” Recovery and Sustainabi­lity Fund for 2021–2026, funded by the EU.

Find out more informatio­n on the RES Fund website:

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