Skip to content Skip to Search
Skip navigation

Electric vehicles help Turkey hit record car sales in 2023

REUTERS/Steve Marcus
The Togg transition concept electric vehicle is unveiled during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, US, on January 5, 2022

Passenger and light commercial vehicle sales in Turkey hit a new record in 2023, as a result of easing financing conditions, pent-up demand and the surging popularity of electric vehicles (EVs).

Total sales reached 1.23 million units, rising 57.4 percent year on year, beating the all-time high of 984,000 units in 2016, Daily Sabah newspaper reported, citing data from the Automotive Distributors and Mobility Association.

Passenger and light commercial vehicle sales beat estimates in December 2023, rising by 37.7 percent to 158,653 units.

Passenger car sales grew by 63.2 percent to 967,341 units, while light commercial vehicles saw a 39.2 percent climb to 265,924 units.

In 2023, EV sales accounted for 6.8 percent of total vehicle sales, marking a new record.

EV sales surged by 643 percent year on year in December to 11,289 units, taking total sales to 65,562 units last year.

Homegrown brand Togg led the market, delivering 19,583 EVs, followed by Tesla at 12,150 units. Chinese automaker BYD, which started local operations in November, delivered 839 units.

Latest articles

FILE PHOTO: United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi gestures during an interview with Reuters in Dubai, United Arab Emirates, June 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

UAE and Kenya complete Cepa negotiations

The UAE and Kenya have completed negotiations on a comprehensive economic partnership agreement (Cepa) between the two countries. It is the 12th Cepa deal secured by the UAE and its third in Africa, after agreements were signed last year with Mauritius and the Republic of the Congo (Congo-Brazzaville). “The UAE-Kenya Cepa will not only boost […]

Adnoc has bid for German polymer manufacturer Covestro but its offers €55 and €57 per share were rejected

Adnoc faces hurdles in completing ambitious European deals

Abu Dhabi state oil company Adnoc is facing challenges to a duo of major European deals it is trying to get over the finish line, according to media reports. Talks with Austrian energy group OMV have been put on hold to allow parties to navigate a series of disagreements, the Financial Times reported on Friday. […]

The 450 companies operating at Dubai Science Park include AstraZeneca, and the free zone plans to add 200,000 sq ft of lab and office space

Dubai Science Park reveals expansion plans

Dubai’s biotechnology free zone is adding 60 percent more offices, laboratories and warehouses over the next few years to cater for an influx of new companies, its senior vice-president told AGBI.  Dubai Science Park, part of Dubai-listed Tecom Group, is planning an expansion of 200,000 sq ft of additional storage and logistics facilities at the […]

A worker at a phosphate production plant in Metlaoui, Tunisia. Phosphate accounts for 15% of Tunisia's exports

Saudi Arabia loans $55m for Tunisian rail renewal

Saudi Arabia has signed a $55 million loan deal with Tunisia to finance the renewal of the North African country’s rail network.  The railway is used to transport phosphate, a sector that makes up around 4 percent of Tunisia’s GDP and 15 percent of the country’s exports. Tunisia plans to produce eight million tonnes by […]