Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
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.
MENAFN25042023000045014228ID1106090668
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us