According to the Statistical Service of Cyprus, the total number of registered vehicles reached 44,732 units between January and October 2025 — a 4.2% increase compared to 42,930 during the same period in 2024.
In October 2025 alone, 4,520 vehicles were registered, marking a 9.9% rise over October 2024.
The most notable growth was seen in passenger cars, which increased by 11.7%, reaching 3,457 registrations compared to 3,096 a year earlier. This reflects a steady recovery in consumer demand and overall market activity following the recent economic slowdown.
Between January and October 2025, a total of 34,782 passenger cars were registered — a 4% increase from the previous year. Of these, 37.2% were brand new, while 62.8% were used vehicles.
The rental car segment showed impressive momentum, jumping 33.8% to 4,866 vehicles, reflecting a strong rebound in the tourism sector and renewed confidence in car rental services across Cyprus.
The year 2025 marked a turning point for eco-friendly vehicles. The market share of petrol cars fell to 42.5% (from 49.5% in 2024), while diesel cars declined to 8.6% (from 10% in 2024).
In contrast, hybrid and electric cars are gaining ground. Hybrid vehicles rose from 36.7% to 44.1%, and electric cars increased from 3.8% to 4.8% of total passenger registrations.
This trend is driven by rising environmental awareness, the expansion of charging infrastructure, and government incentives promoting sustainable mobility. The commercial vehicle sector also saw positive results. In 2025, 5,142 freight vehicles were registered — a 6.6% increase compared to 2024. Among them, 238 were rental vehicles (up 23.3%), 4,111 were light trucks (up 6.6%), and 594 were heavy trucks (up 3.1%). The number of road tractors (trailers) remained stable at 199 units.
Bus registrations climbed to 167 units from 125 in 2024, signaling fleet renewal in the public transport sector. In the two-wheeler market, mopeds under 50cc saw a sharp decline to 190 units (from 627 in 2024), while motorcycles over 50cc increased by 17% to 3,916 units, reflecting growing demand among commuters and leisure riders alike.
Experts predict continued growth through 2026, particularly in the electric and hybrid vehicle segments. With Cyprus expanding its EV charging network and maintaining tax incentives for green mobility, the country is steadily moving toward the EU’s target of reducing CO₂ emissions by 55% by 2030.
The rising number of registrations also indicates economic recovery and improved consumer confidence. The market is becoming increasingly competitive, while buyers are showing stronger preferences for sustainability, energy efficiency, and innovation.
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