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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.

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Meta’s Reality Labs Deepens Its Losses Even As Revenue Climbs

Meta Platforms’ Reality Labs division reported an operating loss of $4.62 billion in the second quarter, highlighting the continued cost of the company’s investments in virtual and augmented reality technologies. The unit generated revenue of $431 million, up from $370 million a year earlier and above analysts’ expectations of $423.4 million, according to StreetAccount. Operating losses widened from $4.53 billion in the same quarter of 2025.

Revenue Grows As Losses Continue

Despite higher revenue, Reality Labs remains one of Meta’s biggest cost centres. Since late 2020, the division has accumulated more than $80 billion in operating losses as the company continues investing in hardware and software for its long-term computing strategy.

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Focus Shifts Toward AI Wearables

Reality Labs develops the Quest virtual reality headsets and Ray-Ban Meta smart glasses in partnership with EssilorLuxottica. While Meta originally positioned the division around its metaverse vision, the company has increasingly focused on AI-powered wearables as demand for virtual reality devices has grown more slowly than expected.

Long-Term Investment

Meta renamed Facebook to Meta in 2021 to reflect its strategy of expanding beyond social media through immersive technologies. Although Reality Labs continues to report multi-billion-dollar quarterly losses, Zuckerberg has maintained that investments in AI, wearable devices and next-generation computing platforms are central to the company’s long-term growth strategy.