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FinancialNews
25-04-23
Electric Car Registrations See Significant Growth in Turkey During Q1 2023
(MENAFN) Turkey has seen a significant increase in the registration of electric cars, with the share of new registrations more than doubling from 1.1 percent in January-March 2022 to 2.4 percent in the same period in 2023. The country's statistical authority, TurkStat, reported that 4,870 electric cars were registered in Turkey during the first quarter of 2023. In total, 460,910 road motor vehicles were registered during that period, including 204,666 cars.
The share of gasoline-powered vehicles among new registrations decreased from 70.5 percent in Q1 2022 to 66.6 percent in Q1 2023. Meanwhile, diesel-powered vehicles' share increased to 20.5 percent from 16.5 percent, and the share of hybrid cars dropped from 9.5 percent to 8.5 percent. The share of LPG-powered vehicles also declined from 2.4 percent to 2 percent.
As of the end of March, the number of road motor vehicles in Turkey reached 26.94 million, with cars accounting for 53.7 percent of the total. Small trucks, motorcycles, tractors, trucks, minibuses, buses, and special purpose vehicles made up the rest of the vehicle types in the country.
Turkey's first indigenous electric car brand, Togg, began selling its first model, the T10X, in the domestic market and is set to deliver 20,000 units of electric cars within this year. Over the last year, the registration of electric cars in the country totaled 8,312 units.
The increase in electric car registrations in Turkey reflects the country's interest in sustainable transportation and reducing its carbon footprint. The government has also set a target of having 30 percent of all new car sales be electric or hybrid by 2030. This growth in electric car registrations will contribute to achieving this target and aligns with the country's commitment to reducing its greenhouse gas emissions and meeting its climate goals.
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