Turkey Electric Vehicle Market Size, Share and Report 2033

Market Overview

The Turkey electric vehicle market size reached USD 9.82 Billion in 2024 and is projected to grow to USD 79.00 Billion by 2033. Exhibiting a compound annual growth rate (CAGR) of 23.19% during the forecast period of 2025-2033, the market is driven by government policies, expanding charging infrastructure, and rising consumer demand for sustainable transport. Turkey is becoming a key regional player in electric vehicle adoption and production. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Turkey Electric Vehicle Market Key Takeaways

• Current Market Size: USD 9.82 Billion in 2024
• CAGR: 23.19% during 2025-2033
• Forecast Period: 2025-2033
• Turkey has introduced the HIT-Mobility program supporting production infrastructure, battery systems, and R&D capabilities as part of its EV industrial development strategy.
• A new EV factory with a yearly production capacity of 150,000 units opened in July 2024, emphasizing local manufacturing and exports.
• Nearly 10% of new car registrations in 2024 were fully electric, indicating increasing consumer adoption.
• The country benefits from a customs union agreement with the European Union, enabling tariff-free exports to large markets.
• Efforts to expand charging infrastructure and consumer awareness campaigns are key to boosting EV adoption.

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Market Growth Factors

Turkey's electric vehicle industry is supported by a thorough policy framework including the HIT-Mobility, which began in July 2024, a scheme to increase battery systems, production infrastructure and research capacities. This is a part of Turkey's national efforts to ramp up EV-production capacities. The incentive system is designed to incentivize local manufacturing businesses along with technology investments and sustainability projects and build a competitive domestic electric vehicle industry open to the world.

The local manufacturing momentum is expected to fuel growth: a new EV factory commenced operations in July 2024, with a total manufacturing capacity of 150,000 vehicles per year. This development will strengthen local supply and export opportunity. Turkey's customs union with the European Union provides it with free access to key overseas markets, helping its competitiveness and long-term diversification of the sector.

Growing consumer acceptance, market penetration by nearly 10% of new registrations of all vehicles for 2024 being fully electric and growing public and private charging infrastructure is supported by government fiscal incentives and consumer education. Together, these factors increase accessibility, ease of use and build acceptance creating a virtuous circle that supports the establishment of a strong electric mobility ecosystem in Turkey.

Market Segmentation

Component Insights:

• Battery Cells and Packs: Detailed market analysis for battery cells and packs used in electric vehicles.
• On-Board Charger: Market assessment related to on-board charging components in EVs.
• Fuel Stack: Analysis of the segment covering fuel stacks in electric vehicles.

Charging Type Insights:

• Slow Charging: Market share and trends for slow charging options.
• Fast Charging: Analysis of fast charging infrastructure and technology adoption.

Propulsion Type Insights:

• Battery Electric Vehicle (BEV): Examination of battery electric vehicles dominating the propulsion segment.
• Fuel Cell Electric Vehicle (FCEV): Overview of fuel cell electric vehicles.
• Plug-In Hybrid Electric Vehicle (PHEV): Analysis of plug-in hybrid electric vehicles.
• Hybrid Electric Vehicle (HEV): Assessment of hybrid electric vehicles within the market.

Vehicle Type Insights:

• Passenger Vehicles: Market size and trends related to passenger EVs.
• Commercial Vehicles: Analysis of commercial EV segments.
• Others: Covering other types of electric vehicles.

Regional Insights

The report segments the Turkey electric vehicle market regionally into Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, and Eastern Anatolia. Among these, no explicit dominant region with exact market share or CAGR statistics is provided in the source. Thus, specific regional dominance statistics are not available from the source.

Recent Developments & News

In September 2025, Tesla emerged as the second best-selling electric vehicle brand in Turkey, propelled by robust customer demand and supportive government policies. Favorable tax regulations and solid economic performance have increased EV adoption, helping Tesla gain significant market momentum. This milestone highlights the accelerating shift towards electrification in Turkey's automotive market.

Key Players

• Not provided in source.

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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