Turkey Electric Vehicle Market (2025-2031) | Outlook, Growth, Industry, Share, Analysis, Revenue, Forecast, Trends, Companies, Value & Size

Topics Covered in the Turkey Electric Vehicle Market Report

The Turkey Electric Vehicle Market report thoroughly covers the market by propulsion, by vehicle drive type, by vehicle top speed and competitive landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Turkey Electric Vehicle Market Synopsis

Electric vehicles (EVs) are gradually becoming popular worldwide, with many countries committing to phasing out the production and sale of fossil-fueled vehicles to tackle climate change. As a Turkish resident or investor, it's vital to stay informed on the Turkey electric vehicle market. Additionally, Turkey EV market's growth can mostly be attributed to supportive government policies like eco-friendly incentives, reduced value-added tax on EVs to 1%, and excise duty exemptions on EVs and their components. Recently, the government announced incentives to encourage carmakers to produce EVs locally. However, the Turkey electric vehicle industry still faces various challenges. While the government's efforts to support EV adoption are commendable, they need to do more to accelerate the market's growth. Turkey lacks enough charging infrastructure and fragmented EV charging tariff policies. More needs to be done to ensure that EV charging infrastructure is easily accessible and affordable across Turkey. Also, public awareness about EVs remains low in Turkey, and this has assumedly slowed the rate of adoption.

According to 6Wresearch, Turkey Electric Vehicle Market size is projected to grow at a CAGR of 47.8% during 2025-2031. The Turkey electric vehicle market continues to experience significant growth, driven by governmental incentives and increased demand for environmentally friendly vehicles. Moreover, the trends to watch in the Turkey EV market include the increased demand for mobility services like ride-hailing and car-sharing services, expected to play a significant role in the future of EVs. Policymakers should focus on public transport electrification and facilitation of shared electric mobility services. Another trend is the shift from lithium-ion batteries to solid-state batteries that are cheaper and have higher energy density. This shift could pave the way for EVs that can travel longer distances and cost less. Furthermore, the Turkey electric vehicle market may likely witness increased investment by multinational automakers who want to take advantage of the Turkish government's support for EV purchases. This could lead to increased local production of EVs as automakers try to tap into the growing demand. Additionally, another factor driving the growth of Turkey’s electric vehicle market is the country’s environmental concerns.

In recent years, Turkey has been hit by serious air pollution, particularly in metropolitan areas such as Istanbul. This has resulted in a growing awareness of the need to reduce emissions and switch to more sustainable forms of transportation. With EVs producing zero emissions, they are seen as a viable solution to help reduce the country’s environmental impact. In addition, the consumer interest in electric vehicles is also increasing in Turkey. According to a survey conducted in 2021, 64% of Turkish consumers are considering purchasing an electric vehicle in the next five years. Additionally, the country has seen a rise in the number of charging stations, easing concerns over range anxiety and helping increase confidence in EV ownership. Furthermore, the cost of EVs is gradually coming down, making them more accessible to the wider population.

Government Initiatives Introduced in the Turkey Electric Vehicle Market

One of the key driving factors behind the growth of the electric vehicle market in Turkey is the government’s efforts to promote the use of EVs. The government has offered a range of incentives, including tax exemptions, reduced customs duties, and subsidies for EV purchases. These initiatives have boosted the Turkey Electric Vehicle (EV)ECU Market share. Additionally, new regulations have been introduced to encourage companies to invest in EV production. For example, a regulation was introduced in 2021 that exempts companies from license fees for producing electric motors, batteries, and related components.

Key Players in the Turkey Electric Vehicle Market

Some of the key players include Togg, Karsan, Tesla, Renault-Nissan-Mitsubishi Alliance and Hyundai. Further, the Turkey electric vehicle market is growing rapidly, and these key players are at the forefront of the transition to more sustainable transportation. Further, the primary few players hold crucial Europe Electric Vehicle Market share. Moreover, each company brings its unique strengths and insights to the market.

Market by Propulsion Type

According to Ravi Bhandari, Research Head, 6Wresearch, electric vehicles are categorized by their propulsion type, which in simple terms, means the way the vehicle is powered. In this case, we have the Battery Electric Vehicle (BEV) and the Plug-in Hybrid Electric Vehicle (PHEV). The BEV is powered entirely by an electric motor, with energy stored in a battery pack. On the other hand, the PHEV uses both an electric motor and an internal combustion engine. Additionally, BEVs rely solely on electric power, with no fuel tank or internal combustion engine. They are charged using a charging station, and the energy stored in the battery pack powers the entire vehicle. Since BEVs have no tailpipe emissions, they are a more environmentally friendly mode of transportation compared to their petrol or diesel-powered counterparts. The biggest advantage of BEVs is that they have lower running costs, which saves the users a lot of money over the long run.

Market by Vehicle Drive Type

Turkey has gradually adopted this new way of transportation, with an increasing number of EVs on its roads. As more consumers aim to reduce carbon footprints, EVs are becoming the ideal choice. However, it is essential to understand the different drive types available, namely front-wheel drive (FWD) and rear-wheel drive (RWD). Further, FWD electric vehicles have the motor that powers the front wheels. This type of drivetrain is widely used in compact and medium-sized vehicles. Moreover, the FWD type fasteners gigantic Turkey Electric Vehicle Market revenues.  In addition, the benefits of FWD electric vehicles include better fuel economy, more space for passengers and cargo, and better traction control in slippery conditions. The Renault Zoe, Nissan Leaf, and Hyundai Ioniq EV are examples of FWD electric vehicles available in the Turkey Electric Vehicle Market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Turkey Electric Vehicle Market Outlook
• Market Size of Turkey Electric Vehicle Market, 2024
• Forecast of Turkey Electric Vehicle Market, 2031
• Historical Data and Forecast of Turkey Electric Vehicle Revenues & Volume for the Period 2021 - 2031
• Turkey Electric Vehicle Market Trend Evolution
• Turkey Electric Vehicle Market Drivers and Challenges
• Turkey Electric Vehicle Price Trends
• Turkey Electric Vehicle Porter's Five Forces
• Turkey Electric Vehicle Industry Life Cycle
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By Propulsion for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By BEV for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By PHEV for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By FCEV for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By Vehicle Drive Type for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By FWD for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By RWD for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By AWD for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By Vehicle Top Speed for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By <125 mph for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Electric Vehicle Market Revenues & Volume By >125 mph for the Period 2021 - 2031
• Turkey Electric Vehicle Import Export Trade Statistics
• Market Opportunity Assessment By Propulsion
• Market Opportunity Assessment By Vehicle Drive Type
• Market Opportunity Assessment By Vehicle Top Speed
• Turkey Electric Vehicle Top Companies Market Share
• Turkey Electric Vehicle Competitive Benchmarking By Technical and Operational Parameters
• Turkey Electric Vehicle Company Profiles
• Turkey Electric Vehicle Key Strategic Recommendations

Markets Covered

TheTurkey Electric Vehicle Marketreport provides a detailed analysis of the following market segments:

By Propulsion

• BEV
• PHEV
• FCEV

By Vehicle Drive Type

• FWD
• RWD
• AWD

By Vehicle Top Speed

• <125 Mph
• >125 Mph