Market Overview
The Turkey electric vehicle market size was valued at USD 12.19 Billion in 2025 and is forecasted to reach USD 79.31 Billion by 2034, growing at a CAGR of 23.14% during 2026-2034. The market growth is propelled by aggressive government tax incentives favoring local manufacturing, strategic foreign investments, and rapid deployment of charging infrastructure across urban centers. Rising eco-consciousness among consumers further bolsters the market expansion.
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
Turkey Electric Vehicle Market Key Takeaways
- The market size was valued at USD 12.19 Billion in 2025.
- The forecast period CAGR is 23.14%, leading to a projected USD 79.31 Billion market by 2034.
- By Propulsion Type, Battery Electric Vehicle (BEV) dominated with a 48.01% share in 2025.
- Passenger Vehicles held the largest Vehicle Type share of 55.03% in 2025.
- Marmara region led geographically with a 26% market share in 2025.
- Government incentives, domestic manufacturing emergence, and infrastructure growth are key market growth enablers.
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Market Growth Factors
Turkey’s EV market growth is primarily driven by strong government incentives, including special consumption tax cuts as low as 10% for certain low-power and price EVs, and up to 60% for higher-end models. This tax innovation redefines the economics of EV ownership, making them financially compelling across a broad price spectrum and encouraging surge purchasing.
Significant foreign investments such as BYD’s $1 billion manufacturing facility with a 150,000 annual vehicle capacity position Turkey as a strategic export hub within the European Union customs union. This facilitates tariff-free access to Europe, incentivizing manufacturers to localize production and scale operations.
Infrastructure expansion has been extraordinary, with public charging stations increasing from 6,500 in March 2023 to 31,433 by June 2025. The development of both slow and fast charging networks addresses range anxiety and enhances market maturity. Coordinated public-private efforts enforce minimum geographic coverage, focusing on urban centers and expanding to secondary markets.
Market Segmentation
Component Insights:
- Battery Cells and Packs: Highest-value EV component with growing domestic production via Siro’s Gemlik facility supporting Togg vehicles. Import dependence is minimized through localization.
- On-Board Charger: Supports home and workplace AC charging. Turkish preferences favor higher-capacity chargers enabling faster Level 2 charging for consumer convenience.
- Fuel Stack: Minimal market presence due to dominance of battery electric vehicles and lack of hydrogen infrastructure; potential exists for commercial vehicle applications.
Charging Type Insights:
- Slow Charging: Dominates network deployment through residential and workplace installations, offering convenience and low electricity cost via residential tariffs.
- Fast Charging: Rapidly expanding in urban/intercity corridors, catering to range anxiety and long-distance travel; evolving towards ultra-fast charging exceeding 100 kW.
Propulsion Type Insights:
- Battery Electric Vehicle (BEV): Commands 48.01% market share in 2025. Benefits from favorable tax regimes, lower operating costs, and urban performance advantages. Infrastructure focus continues to support BEV growth.
Vehicle Type Insights:
- Passenger Vehicles: Lead with 55.03% share due to government incentives targeting personal ownership and urban use; Hyundai Motor Türkiye is enhancing local EV production capabilities; domestic brand Togg contributes significantly with SUVs and sedans.
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Regional Insights
The Marmara region dominates with a 26% market share as of 2025, driven by Istanbul’s extensive charging infrastructure, greater disposable incomes, and proximity to EV manufacturing hubs such as Togg’s plant. Istanbul alone hosts over 3,000 charging stations, supporting frequent daily vehicle charging and adoption. The region’s concentrated EV ecosystem fosters positive network effects but also highlights infrastructure gaps in other regions.
Recent Developments & News
In 2024, Chinese EV manufacturer BYD committed one billion dollars to establish a manufacturing facility in Turkey with 150,000 annual vehicle capacity, underscoring Turkey’s strategic role as a European export hub. Hyundai plans to start production of its Concept THREE electric vehicle in Türkiye by 2026, marking the first foreign battery EV production in the country and its entry into the European EV market. The domestic manufacturer Togg is advancing rapidly as Turkey’s first indigenous EV brand, stimulating competitive dynamics and expanding the local production ecosystem.
Key Players
- BYD
- Hyundai Motor Türkiye
- Togg
Disclaimer and Notes
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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