Forecast: Number of Alternative Energy Passenger Cars in Turkey

From 2013 to 2023, the number of alternative energy passenger cars in Turkey has shown a general upward trend, peaking at 5.2761 million in 2023. Between 2013 and 2019, there was a steady increase with CAGR values ranging from 3.97% to 7.75%. The year-on-year growth saw peaks in 2013 (7.73%) and 2020 (7.38%), with a significant dip in 2022 (-7.2%) followed by a modest recovery in 2023 (2%). Between 2024 and 2028, forecasts indicate a continued increase, albeit at a slower average annual growth rate of 1.34%, projecting growth to 5.7881 million by 2028.

Future trends to watch for:

  • Potential impacts of government policies and incentives promoting electric and hybrid vehicles.
  • Technological advancements improving vehicle efficiency and reducing costs.
  • Shifts in consumer preferences towards sustainability and green energy.

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