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Used Vehicles Keep Cyprus Motor Market In Growth Mode As New Car Registrations Slip

by THEFUTURE.TEAM

October 12, 2026

Hybrid vehicles continued to strengthen their position in Cyprus, accounting for 53% of passenger car registrations compared with 44% a year earlier. Petrol-powered cars, meanwhile, fell from 42.8% to 34.8%, while diesel fell from 8.5% to 8%.

Electric vehicles also lost ground, representing 4.2% of passenger car registrations, down from 4.7% in the same period last year.

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Commercial Vehicles And Buses Record Growth

Motor coach and bus registrations rose 48.5% in the first nine months of 2026 to 196, up from 132 a year earlier. September alone recorded a 74.2% rise, from 31 to 54 vehicles.

Goods vehicle registrations climbed 10.4% to 5,046 from 4,569. Light goods vehicles rose 8.8% to 3,970, while heavy goods vehicles increased 16.3% to 621. Road tractors gained 14.7% to 195, and rental goods vehicles advanced 20.9% to 260.

Despite the growth over the nine months, goods vehicle registrations fell 8% year on year in September, dropping from 634 to 583.

Mixed Results For Two-Wheelers And Specialist Vehicles

Moped registrations for vehicles under 50cc fell 35.9% to 109 in the first nine months of 2026, compared with 170 a year earlier. September saw an even sharper decline of 60%, with just six registrations.

Motorcycles and other mechanised cycles above 50cc moved in the opposite direction, rising 8% to 3,802 from 3,522. However, September registrations in this category fell 12.6% to 374.

Tractor registrations increased 3.8% to 246 over the nine months, despite a 16.1% September decline to 26. Registrations of other vehicles, including road rollers, mobile cranes and specialised vehicles, rose 30.4% overall, although September figures dropped 29.3%.

Hybrid Vehicles Strengthen Their Position

The figures highlight the growing share of hybrid vehicles in Cyprus’ passenger car market, alongside declining shares for petrol, diesel and fully electric vehicles. Commercial vehicle registrations also increased overall, although September declines in some categories point to a more mixed monthly performance.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.