The data on new registrations of electric passenger cars (battery only) in Turkey shows fluctuations from 2013 to 2023, with values varying between 63 and 206 units. Notable swings include a 144.44% increase in 2015 and a 50% decline in 2016. Over the past five years, CAGR has been -2.13% up to 2023 with a slight increase of 1.09% registrated in 2023. Future forecasts from 2024 to 2028 project a small growth rate of 0.72% CAGR, potentially leading to 195.26 registrations by 2028.
Future trends to watch for:
- Increasing government incentives or policy changes could accelerate adoption.- Advancements in battery technology enhancing vehicle appeal.- Development of EV infrastructure to support rising demand.- Market entry of new electric vehicle models tailored to local preferences.- Potential economic impacts that might either stimulate or hinder consumer purchasing power.
