The hybrid and electric car brands that led the way in 2023

Hybrid vehicles now make up a solid part of the Cyprus car market, while the number of purely electric vehicles is also gradually increasing.

It is worth mentioning that almost one in three private passenger saloon cars registered in 2023 was a hybrid, while purely electric cars occupy about 3% of the said market.

Although vehicle electrification is of great concern to both the government and car importers and dealers as well as buyers, the relevant market penetration has yet to reach anticipated measures.

In this context, the plan to promote electrification, which will be presented today, 8 February, by the Minister of Transport, Communications and Works, Alexis Vafeades, aims to promote the purchase of vehicles with zero or low emissions and the use of alternative modes of transportation, thus achieving a reduction in the environmental impact of transport, and in particular the reduction of CO2 emissions and gaseous pollutants.

It is recalled that, according to the General Policy Framework for the Promotion of the Use of Electric Vehicles, the goal is that 25% of new vehicle registrations in 2030 will be purely electric vehicles and that by 2035 this percentage will increase to 100%.

The top hybrid brands

Hybrid registrations (36,608) accounted for 29.5% of the 2023 saloon car market, which reached 10,819 registrations in total.

As for private passenger saloons, registrations reached 9,917, accounting for 32.1% of the total of 30,807 private saloon cars registered in 2023.

At the top of the hybrid private car market with a noticeable difference from competing brands was Toyota, with 4,133 registrations.

Nissan follows with 1,139 registrations with Hyundai (640), Kia (492) and Honda (481) next.

Rounding out the rest of the top ten hybrid private passenger saloon cars are BMW (390), Renault (340), Mercedes (338), Lexus (329) and Volvo (269).

The top electric brands

The number of purely electric passenger car registrations reached 1,000 in 2023, doubling their percentage compared to 2022 (512).

Of the 30,807 private passenger car registrations, 961 involved purely electric models.

In 2023, MG was in first place among electric private passenger saloon cars, with 150 registrations, while Hyundai ranked just below (107).

The relevant list also includes brands such as BMW (98), Mercedes (86), Volkswagen (67), Porsche (60), Audi (58), Tesla (48), Nissan (42) and Kia (39).

(Source: InBusinessNews)