The ecological bonus amount in Cyprus will blow your mind!
This page is translated from the original post "Le montant du bonus écologique à Chypre va vous faire halluciner !" in French.
- 01/01/2024 16:26
If France ranks among the top 3 European countries for assistance in the energy transition, the island of Cyprus is breaking all records in terms of incentives.
Is the ecological bonus soon to be a thing of the past? The course of history suggests it will disappear gradually as electric vehicles take over. Both in public awareness and through fiscal pressure on combustion engines. Once considered an “eccentricity,” electric vehicles have found their cruising speed, which might allow them to lose their training wheels…
But in some European countries, where ecological awareness is still young and fragile, the aid programs are gradually being put in place. This is the case in Romania, Croatia, Greece, and Hungary. But the biggest surprise goes to Cyprus, with an absolutely insane ecological bonus.
For electric vehicles priced under 80,000 euros, the tax incentive can go up to 20,000 euros. Yes, you read that correctly. There is one condition: getting rid of an old car to help greenify the island located off Turkey, Syria, and Lebanon.
As a reminder, in France, the 2024 ecological bonus will still be 5,000 euros for a selection of electric vehicles costing less than 47,000 euros. This aid can increase up to 7,000 euros under the condition of low taxable income per share. An additional premium, up to 6,000 euros, called the Conversion Bonus, can also be paid under income conditions for scrapping an old polluting vehicle. Total assistance can reach up to 12,000 euros.
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