The number of Hybrid Electric-Petrol Passenger Cars in Turkey stood at 4.67 thousand in 2023. According to the forecast, the market will experience a continuous growth trend, reaching 5.95 thousand by 2028. This forecast reflects an annual growth rate of approximately 5.3% between 2023 and 2028.
Year-on-year variations are as follows:
- 2023 to 2024: +5.4%
- 2024 to 2025: +5.3%
- 2025 to 2026: +5.0%
- 2026 to 2027: +4.8%
- 2027 to 2028: +4.4%
Over the last two years, the annual average growth rate (CAGR) is around 5.0%, indicative of robust market expansion.
Future trends to watch for include:
- The impact of governmental policies and incentives promoting hybrid and electric vehicles.
- Technological advancements in battery life and fuel efficiency.
- Consumer attitudes towards sustainable and eco-friendly transportation modes.
- Potential increases in fuel prices driving the shift towards hybrid vehicles.
