Value of the Turkish EV Market

Value of the Turkish EV market

  • Türkiye’s EV market is expected to reach $14.3 billion in 2025 (~20.1% annual growth).
Source
  • Annual sales jumped from 222 units in 2019 to 133,781 units in 2025, lifting EVs’ share of new-car sales from ~0% (2019–2021) to 18% (2025); domestic market sales are forecast to grow 16–18%, supported by incentives and ÖTV reductions.
Sources (1, 2, 3, 4, 5, 6, 7)
Sources (1, 2, 3, 4, 5, 6, 7)
  • In H2-2025, EVs peaked at a 27% monthly share amid expected tax changes, fresh domestic/imported launches, and shipment timing.
  • Wider model availability from brands such as BYD, Mercedes, and Citroën, and cheaper models under key thresholds, expanded access).
  • Charging growth eased range anxiety: by Feb 2025 Türkiye had 11,000+ stations and 28,000+ sockets.

How Türkiye fits into battery manufacturing, auto parts, and electrification

  • Türkiye is emerging as a regional EV production and supply hub, linking battery manufacturing, component exports, and electrification.
  • In Gemlik, the Togg–Farasis joint venture SIRO began battery-module and pack production in 2023, with 3 GWh annual capacity and a goal of 20 GWh by 2031.
  • In 2024, BYD announced a $1 billion investment for an EV plant and R&D center capable of 150 000 vehicles per year, to open in 2026.
  • On the component side, ASPİLSAN’s Kayseri facility (opened 2022) produces 22 million lithium-ion cells annually, strengthening local supply.
  • Türkiye’s strong auto-parts base supports exports exceeding USD 1.18 billion in June 2025, up 13% year-on-year. Growth aligns with Europe’s green policies, boosting demand for Turkish EV exports projected to rise 10 % annually.
  • The High-Technology Investment Package announced mid-2024 targets 1 million EVs per year and 80 GWh battery capacity by 2030, solidifying Türkiye’s electrification strategy.

Does Turkey make electric cars?

  • Türkiye not only makes electric cars but is rapidly emerging as a regional EV manufacturing hub.
  • The country’s first domestic electric-brand, TOGG, began production of its T10X SUV in 2023 and sold nearly 30,093 units in 2024, with 17,101 units sold in the first half of 2025 alone.
  • Major automakers such as Ford Otosan (FROTO) and Tofaş Türk Otomobil Fabrikası (TOASO) are also central to this transition. Ford Otosan has launched electric-vehicle production and plans to roll out fully electric models by 2025, aligning with Europe’s electrification goals.
  • Meanwhile, Tofaş targets 1 million vehicles between 2024 and 2032, including hybrid and fully electric models under a €232 million investment deal.
  • Together, these initiatives underscore Türkiye’s strategic ambition to become a regional EV production powerhouse, combining local innovation with integration into Europe’s electric-mobility ecosystem.

What EV brands are popular in Turkey?

  • China’s BYD officially entered Türkiye in late 2023 with its ATTO 3 electric SUV, expanding in 2024 with hybrid and plug-in models like the Seal U DM-i, signaling regional diversification.
  • Tesla accelerated its presence through the Model Y, launched in 2023, which became one of Türkiye’s top-selling EVs by mid-2025.
  • Domestic producer TOGG began deliveries of its T10X in 2023 and unveiled the T10F fastback in 2024 for a 2025 rollout, strengthening local visibility of Turkish EVs (electrive.com).
  • Chery re-entered the market via Omoda, launching the Omoda 5 in March 2023 and energizing the mid-SUV segment.
  • Citroën boosted its sales with the C4 X and introduced new C3 and C3 Aircross electric variants for 2024–25.
  • Mercedes-Benz contributed to the premium segment with launches like the E-Class (2023) and fully-electric CLA (2025).
  • By September 2025, Tesla Model Y led sales (1,664 units), followed by TOGG T10F (1,194) and T10X (1,061), with Kia EV3, BYD Atto 3, Citroën C3, and Volvo EX30 rounding out a diverse, competitive market.

Opportunities for foreign companies

  • Türkiye offers strong opportunities for foreign EV investors in battery production, EV components, renewable-based charging, and smart-mobility software.
    • Backed by generous policy incentives and access to the EU market through the Customs Union, the country is emerging as a regional clean-mobility hub.
    • The Project-Based Investment Incentive Scheme provides tax breaks, customs relief, and land support for major EV and battery projects.
    • In 2024, a USD 4.5 billion package further accelerated battery and EV expansion, with EV tax rates cut to 10–60%.
    • New investments include BYD’s USD 1 billion factory and Hyundai’s plan to start EV production in İzmit in 2026, alongside TOGG, giving Türkiye at least four local EV models.
    • The EV charging network is also expanding rapidly, surpassing 28,000 points by 2025 and projected to reach 140,000 by 2030, led by companies like Eşarj, Otojet, and GIOEV, which launched Türkiye’s first 300 kW renewable-powered station in Istanbul.

Future outlook

  • Türkiye is setting ambitious targets across EVs, charging infrastructure, and battery manufacturing for 2030 by pointing to massive growth opportunities.
  • By 2030 the EV fleet is projected to expand to around 2 to 2.5 million vehicles, with annual sales to reach around 456,000 vehicles.
  • Charging infrastructure is expected to grow in parallel with forecast projects up to 118,000–122,000 charging sockets by 2032.
  • In the battery space, Türkiye aims to reach an 80 GWh annual domestic battery production capacity by 2030, positioning itself as a regional hub for battery manufacturing and energy-storage technology.
  • Turkish Government’s 2030 Industry and Technology Strategy Document emphasise strategic pillars such as “high technology” and “advanced mobility”, affirming the intention to develop domestic electric-vehicle, battery and mobility-services capacities.
  • Together, these projections signal a transformative shift in Türkiye to make the country a leading hub for EV offering major opportunities for investment, localisation, and export-driven growth.