European Investment Bank Invests In Expanding Electric Vehicle Charging Infrastructure In Greece And Cyprus

by THEFUTURE.TEAM

September 9, 2025

Robust Growth In Cyprus’ Automotive Sector

Recent data from Cyprus underscores a marked acceleration in the adoption of sustainable vehicles. An analysis by the state statistical service reveals that between January and August 2025, electric vehicle registrations climbed from 3.3% to 4.8%, while hybrid vehicles experienced an even steeper increase—from 36.8% to 43.6%. This upward trend comes amidst a modest overall rise in vehicle registrations and a notable pivot away from traditional petrol and diesel-powered cars.

Shifting Trends In Vehicle Registrations

Comprehensive insights into the sector delineate a rebalancing in transport preferences. Passenger saloon cars saw a marginal increase, and rental vehicles, particularly passenger saloon and rental goods vehicles, reported significant gains. Conversely, declines were noted in registrations of motor coaches, buses, and mopeds under 50cc. Such trends underscore an evolving market dynamic, with consumers gravitating towards more sustainable and economically efficient transport solutions.

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EIB Financing Fuels EV Charging Expansion

In a strategic move to bolster the infrastructure supporting this green transition, the European Investment Bank (EIB) announced financing of up to €17.5 million to Greek company Joltie SA. Funded under the InvestEU programme, this initiative is designed to establish approximately 2,200 new electric vehicle charging points across Greece and Cyprus by 2029. This investment not only aims to decarbonise road transport but also reinforces the European Union’s broader climate and economic cohesion objectives in Southeast Europe.

EIB Vice-President Ioannis Tsakiris emphasized the critical role of this project in accelerating the region’s sustainable mobility agenda. “Our collaboration with Joltie will strengthen EV charging infrastructure in Greece and Cyprus, contributing to more accessible and economically viable electric mobility,” Tsakiris stated. The bank envisions that this infusion of capital will galvanize further private investment and enhance local capabilities to meet ambitious climate action goals.

Founded in 2022 and based in Attica, Joltie SA is rapidly emerging as a pivotal player in the EV charging landscape, integrating charging equipment manufacturing with the operation of its own network. This dual capability has enabled the company to install a substantial fraction of the charging points in Greece, thereby positioning it at the forefront of Europe’s sustainable mobility evolution.

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Solar Photovoltaics Drive Global Energy Demand: A Renewable Milestone

by THEFUTURE.TEAM

April 22, 2026

Solar Photovoltaics Lead The Charge

Solar photovoltaic (PV) systems accounted for 27% of global energy demand growth in 2025, marking the first time a single renewable technology has led the increase. This compares with overall demand growth of 1.3% in 2025, 2% in 2024, and an average of 1.4% over the previous decade, highlighting the accelerating role of solar in the global energy mix.

Surpassing Traditional Energy Sources

Solar PV outpaced natural gas, which contributed 17% of the increase in energy demand. According to the International Energy Agency (IEA), new solar installations added capacity equivalent to 600 terawatt-hours (TWh), bringing total solar generation to 2,700 TWh, or roughly 8% of global electricity production. This shift reflects growing reliance on renewable energy for power generation across major markets.

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Traditional Fuels Under Pressure

Demand for fossil fuels showed slower growth. Natural gas consumption rose by 1% in the first half of the year, compared to 2.8% in 2024. Oil demand increased by 0.7%, with additional daily consumption reaching 650,000 barrels, down from 750,000 in 2024 and well below pre-pandemic increases of around 1.4 million barrels per day. Part of this slowdown is linked to the substitution of cleaner energy sources. Electric vehicle sales rose by 20% in 2025, accounting for roughly one-quarter of the global market.

Mixed Trends In Coal Consumption And Emissions

Coal demand increased by 0.4%, reflecting diverging regional trends. China and India reduced coal use as renewable capacity expanded, while the United States increased coal consumption in response to higher electricity demand. Coal contributed around 9% to demand growth, similar to wind energy.

Global CO2 emissions from the power sector rose by approximately 0.4%. Emissions declined in China due to increased use of renewables and nuclear energy, while U.S. emissions increased alongside higher coal usage.

Record-Breaking European Renewable Production

Europe recorded strong growth in renewable generation in the first quarter of 2026. Solar output increased by 15%, marking the highest quarterly rise on record, while wind generation grew by 22% year over year. Total renewable production reached 384.9 TWh, supported by solar, wind, and hydroelectric output. These gains helped offset volatility in gas markets linked to geopolitical tensions, including developments involving Iran.

Looking Ahead

Renewables are taking a larger share of global energy demand growth, with solar PV at the center of this shift. Combined contributions from renewables, biofuels, and nuclear energy now account for roughly 60% of new demand, indicating continued structural change in the global energy system.

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