Brunei Darussalam
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Domestic cars drive up Turkiye’s EV market

ANKARA (XINHUA) – Turkiye’s electric car market is booming in 2023 amid surging gasoline prices and the growing popularity of the country’s first homegrown fully-electric car delivered early this year.

Compared to the same period of last year this is a staggering increase of nearly 600 per cent as only 3,283 EVs were sold in 2022, said the association.

Turkiye’s annual inflation approached 60 per cent in August, pushing gasoline and diesel prices further upward, which helped create a bigger demand for EVs, especially for the high-income segments of the population, Istanbul-based automotive industry expert Emre Ozpeynirci told Xinhua.

In addition, it has become expensive to own a car in Turkiye with prices for imported cars almost doubling in 2021 largely due to growing inflation. Turkiye also has one of the world’s highest automobile tax.

Against this backdrop, Togg began delivering T10X, branded as a top sport utility car this April.

The company managed to deliver 3,400 units by August, of which 1,965 were delivered in that month, making it a bestselling national brand in the electric car segment.