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Türkiye's EV Sales Double Amid Tax Incentives Surge

4/28/2025

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Summary

Story summary

Türkiye's tax incentives for electric vehicles have sparked a sales surge in early 2025, with sales doubling as European giants like Volvo and Tesla shift their focus to the Turkish market. With a mere 10% tax on EVs versus a staggering 80% on traditional cars, local manufacturers find themselves grappling to keep pace in this electrifying race.

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Story summary

Türkiye's tax incentives for electric vehicles have sparked a sales surge in early 2025, with sales doubling as European giants like Volvo and Tesla shift their focus to the Turkish market. With a mere 10% tax on EVs versus a staggering 80% on traditional cars, local manufacturers find themselves grappling to keep pace in this electrifying race.