Registrations of motor vehicles up 9.1% in 2024, electric cars at 4%

The total registrations of motor vehicles increased by 9.1% to 49,616 in January-December 2024, from 45,494 in January-December 2023, according to CySTAT, with the share of electric cars reaching 4% from 2.7% in 2023 and hybrids 37.1% from 29.6% in 2023.

Passenger saloon cars increased to 38,410 from 36,608 in January-December 2023, recording a rise of 4.9%. Of the total passenger saloon cars, 15,061 or 39.2% were new and 23,349 or 60.8% were used cars. Rental cars in particular recorded a fall of 30% to 3,904.

The share of petrol powered passengers’ cars to the total of this category of vehicles decreased in January-December 2024 to 48.6% from 57.5% in the corresponding period of the preceding year. On the other hand, the share of diesel powered cars rose to 10.3% in 2024 from 10.2% in 2023, of electric cars from 2.7% in 2023 to 4% in 2024 and of hybrid cars from 29.6% to 37.1%.

Motor coaches and buses registered in January-December 2024 decreased to 133, from 329 in the same period of 2023. Goods conveyance vehicles increased by 32.9% to 5,811 in January-December 2024, compared to 4,374 in January-December 2023. In particular, light goods vehicles increased by 36.1% to 4,638, heavy goods vehicles by 30.1% to 695, road tractors (units of trailers) by 54.8% to 243, while rental vehicles decreased by 14.2% to 235.

Mopeds registered in January-December 2024 increased to 690 compared to 321 in the corresponding period of the previous year. Motorcycles increased by 17.4% to 3,903 in January-December 2024, compared to 3,324 in the same period of 2023.

The main manufacturers of the motor vehicles registered in Cyprus during 2024 were Japan (40.6%), Germany (13.9%), the United Kingdom (6.7%), France (6.5%) and South Korea (4.2%).

The most popular colour among the motor vehicles registered in 2024 was white (36.6%), followed by grey (19.9%), black (14.8%), blue (8.9%) and silver (7.4%).

In December 2024, the total registrations of motor vehicles numbered 2,836, recording a decrease of 5.3% compared to 2,994 in December 2023. Passenger saloon cars registered a fall of 16.9% to 2,050, from 2,468 in December 2023.

(Source: CNA)