The Cyprus Chamber of Commerce & Industry (Keve) has completed the upgrade of its headquarters in Nicosia into a green building. The initiative aligns with the organization’s commitment to promoting sustainable practices among its members and contributing to a greener Cyprus.
The Environmental Impact Assessment for Cyprus’ National Strategic Land Transport Plan is open for public consultation until June 14, 2024. The plan aims to increase public transport usage to 17% and reduce car usage by 14%. The primary objective is to identify potential environmental impacts and propose measures to prevent or offset them. The plan includes increasing electric vehicle and hydrogen stations to reduce greenhouse gas emissions, as well as improving public transport with dedicated lanes and increased service frequencies. Measures like urban tolls and low-emission zones are proposed to discourage car use and reduce air pollution. The plan also includes incentives for sustainable transport modes and creating new job opportunities.
India announced a reduction in import taxes on certain electric vehicles (EVs) for carmakers committing to a 0 million investment and starting domestic manufacturing within three years. This policy aims to increase competition in India’s car market, targeting a rise in EV sales from 2% to 30% by 2030. Tata Motors plans to expand its EV portfolio to 10 models in the next 3-4 years, aiming for EVs to constitute 25% of its total car sales by 2025. Mahindra and Mahindra anticipate electric models will account for 20%-30% of its SUV sales by March 2027. Hyundai Motor India intends to introduce five EV models by 2032 and increase its charging stations to 439 by 2027. Maruti Suzuki India plans to launch six EV models by 2030, with its first battery EV expected by the end of 2024. JSW Group announced a 400 billion rupee investment in EV and battery manufacturing in Odisha and is discussing technology and component supply with Volkswagen.
The cabinet approved the creation of 1,000 charging stations for electric vehicles as part of the Cyprus Recovery and Resilience Plan. The transport ministry is tasked with the project’s implementation, aimed at promoting electric vehicle adoption and transitioning to a green economy. The project, with a budget of €2.5 million, seeks to reduce greenhouse gas emissions and promote sustainable technologies.