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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.

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