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Ministry Of Transport Announces Cancellation Of Preliminary Approval For Electric Vehicle Orders

by THEFUTURE.TEAM

January 5, 2026

Deadline Expired For Order Submissions

The Ministry of Transport, Communications, and Works, Department Of Road Transport, has announced that the submission window for ordering electric vehicles has closed. Beneficiaries who received preliminary approval via email on December 11, 2025, have missed the deadline to post or send their vehicle orders, as outlined in paragraphs 9.3(a) and 10.3(a) of the relevant project guide. Consequently, if no order was posted for new vehicles or received for used models, the preliminary approval has been cancelled due to the missed deadlines (please refer to Appendix 2). This Cancellation will affect all pending applications.

Rescheduling And Reallocation Of Approvals

In response, preliminary approvals will be reissued during the upcoming week to selected applicants from Sponsorship Categories D5, D7, D8, D9, and D10. These approvals will be allocated based on the lottery sequence as specified, and the beneficiaries must adhere to the designated submission timelines provided in the approval message.

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Detailed Distribution By Sponsorship Categories

For each sponsorship category, preliminary approvals will be sent to applicants within the following lottery positions. The approved candidates must post an order (for new vehicles) or send an order (for used vehicles) within the allotted time frame as detailed in the subsequent approval notification:

Category D5: Lottery positions 381 to 483
Category D7: Lottery positions 41 to 57
Category D8: Lottery positions 41 to 46
Category D9: Lottery positions 51 to 66
Category D10: Lottery positions 11 to 13

Documentation And Submission Deadlines

Applicants are required to submit all specified supporting documents to the Department of Road Transport via email at tomxorigies@rtd.mcw.gov.cy within the time frame stated in the approval message. The guidelines for the required documentation depend on the respective sponsorship category.

Implications Of Inaction

It is imperative that beneficiaries act within the specified deadline. Failure to comply will result in the reallocation of approvals to the next eligible candidates based on the lottery ranking. For further clarity, please refer to Appendices 1 and 2, which provide additional details and visual references of the process.

The Future Forbes Realty Global Properties

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

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The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”