Majority of Cypriots to opt for a hybrid or electric car

Cypriot car buyers taking part in a European Investment Bank’s (EIB) survey have replied by 85% that they will pick either a hybrid or electric car the next time they purchase a vehicle, while only 15% would still opt for a petrol or diesel car.

According to a relevant press release, the second part of the 2021-2022 EIB Climate Survey explores people’s views on climate change in a rapidly changing world. The results of this survey focus on citizens’ individual behaviour and the actions they are taking to combat climate change.

When asked about future car purchases, 85% of Cypriot car buyers say they will either buy a hybrid or electric car. This figure is 70 points higher than the percentage of Cypriots who said they would buy a diesel or petrol vehicle (15%). More specifically, 51% would purchase a hybrid vehicle and 34% would opt for an electric vehicle.

Cypriot car buyers aged 30-64 are particularly interested in buying a hybrid vehicle (57%), while young people aged 15-29 are primarily inclined to opt for an electric vehicle (40%). Cypriots seem to be less inclined to choose a petrol/diesel vehicle: 24% of young people would purchase this type of car, 11 points above the figure for respondents aged 30-64 (13%).

Meanwhile, 6% of the overall Cypriot population say they do not have a vehicle now and are not planning to buy one (seven points below the EU average).

With 85% of Cypriot car buyers saying they would opt for a hybrid or electric vehicle, Cypriots seem more inclined to switch to new car technologies compared to Germans (52%) and the overall EU population (67%). However, Cypriots seem to have similar preferences to Greeks (81% would opt for a hybrid or electric car).

More specifically, Cypriot car buyers seem particularly inclined to choose a hybrid vehicle, with 51% of them stating their next car will have this type of engine. This figure is much higher than the figure for Greeks (41%), Germans (29%) and the EU average (39%).

Cypriot car buyers appear less inclined to opt for an electric car (34%) compared to Greeks (40%). However, this figure remains above the figure for Germans (23% say they would purchase an electric car) and the EU average (28%).

In general, European car buyers tend to favour hybrid vehicles (39%), while petrol or diesel vehicles are ranked second (33%) and electric cars come third (28% state they would purchase an electric car). While Chinese car buyers are the most inclined to buy an electric car (44%), Americans would opt first for a hybrid vehicle (38%), followed by a petrol or diesel vehicle (33%), then an electric car (29%).

At the same time, 57% of young Cypriots say they consider climate change when choosing their holiday destination. However, the vast majority of them (70%) say they will travel by airplane for their summer holidays in 2022. One-quarter of them (25%, compared to 13% for people aged 30-64) say they will fly to a faraway destination.

Shopping for clothes, choosing a job, deciding on a bank

Only 17% of Cypriots say they buy second-hand clothes instead of new ones (25 points below the EU average). Women are more likely to do so than men (22% for women vs. 11% for men).

A 50% of Cypriot people consider climate change when searching for a job. This is almost equally the case for 15-29 year-olds (51%) and people aged 30-64 (52%).

Overall, 48% of Cypriot people consider climate change when they choose their bank or invest their savings (three points above the EU average).

EIB Vice-President Lilyana Pavlova said that despite some clear generational gaps, Cypriots are increasingly adapting their mobility and consumption habits in a more sustainable manner to tackle climate change.

“These shifts in individual behaviour show that people of all ages are willing to make stronger commitments in their daily lives to help mitigate the climate crisis,” she added.

She went on to say that as the EU climate bank, one of the EIB’s key roles is to finance innovative projects that help build a decarbonised future for all.