Cyprus aims for a complete switch to electric vehicles by 2035 — a target that says as much about the island’s long-term infrastructure planning as it does about transport policy, and one worth understanding if you’re weighing a property purchase there. The Republic of Cyprus has set a goal of completely switching consumers to electric cars by 2035. This statement was made by government spokesman Konstantinos Letimviotis.
The government’s plan: The government plan involves a significant leap. By 2030, 25% of new cars registered in the country must be fully electric. And five years later, that figure should be 100%.
Strategy for promoting electric vehicles: To achieve this goal, the government has developed a strategy for promoting electric vehicles, presented by the Transport Minister. It is aimed at “stimulating the purchase of zero- or low-emission vehicles and the use of alternative modes of transport.”
Environmental benefits: This will help “reduce the impact of transport on the environment and, in particular, reduce greenhouse gas emissions and gaseous pollutants.”
Current statistics: Statistics over the past few years show that the popularity of electric cars in Cyprus is far from the government’s targets. In 2023, a total of 1,322 electric vehicles were registered in the country, accounting for only 2.91% of the total number of new vehicles registered — up from 739 in 2022 and 308 in 2021. The government sees this as “rapid growth” but admits the figures are still far from target.
Subsidies for electric vehicle purchases: In an effort to increase EV adoption, the government has announced a budget of €36 million to subsidise purchases. People with disabilities and large families are eligible for subsidies of up to €15,000 for a low-emission car and up to €20,000 for a zero-emission car; licensed taxi drivers can receive up to €20,000 toward a zero-emission vehicle for professional use.
Why This Matters for Property Buyers in Cyprus
It’s genuinely too early to say whether all cars will be replaced by electric ones by 2035 — that depends on vehicle affordability, charging infrastructure and consumer habits playing out over a decade. But for anyone evaluating property on the island rather than just visiting it, the direction of travel is the more useful signal than the exact timeline. A government committing €36 million to subsidies and setting binding 2030 and 2035 targets is a government actively investing in the island’s underlying infrastructure — roads, the electrical grid, charging networks — the same infrastructure that underpins property values over the long term, independent of the EV question itself.
Practically, this is starting to show up in what new developments offer as standard: private EV charging points, provisioned parking for future installation, and increasingly EU-aligned building standards generally. If you’re comparing new-build and resale property in Cyprus, it’s a reasonable question to ask a developer directly, and one that’s only going to matter more as the country moves through its 2030 milestone.
Cyprus remains one of the more accessible EU property markets for foreign buyers, particularly given its residency-by-investment pathway. Browse current Cyprus property listings, or contact UInvest to discuss developments built with this kind of forward-looking infrastructure already in place.
