This is how Turkey prepares to become an auto powerhouse

In the automotive power map the Türkiye still represents a microscopic dot, the child of a tradition that never came into being. However, things are ready to change radically in the coming years. Turkish President Recep Tayyip Erdoğan has in fact released important statements on the occasion of the meeting for the promotion of the incentive program for high technology in the country.

“We have created 10 model factories that lead the efficiency-oriented transformation of our industry. We will increase this number to 14 by adding 4 new factories. We have paved the way for global automotive companies and other large-scale vehicle manufacturers to direct their investments in electric vehicles to Turkey.”

Erdogan announced. Let’s see in detail what will happen in the next years

One million mark

“We are launching a $5 billion (€4.6 billion) incentive package to increase our automotive production capacity to at least 1 million electric cars per year”

A figure familiar to the Italian market. In fact, it has long been indicated as the point of arrival for Stellantis in the long negotiations with the Government. Negotiations that should reach a point on August 7, when the new three-year plan for car incentives will be presented. In the case of Turkey, however, we are talking about electric cars, while the general production of cars in 2023 was 1.15 million units.



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<p>Electricity at the heart of Turkish development. Erdogan continued by saying how Turkey aims to become a reference thanks to a <strong>capacity of 80 gigawatt hours</strong> by 2030.</p>
<p>“We have planned a stimulus package of $4.5 billion (€4.17 billion),” the Turkish president announced.</p>
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<p>“We aim to bring at least $20 billion of private sector investment to our country, which will make a great contribution to our development path in the technology sector. With the HIT-30 Program, we will inject a total of $30 billion of resources, consisting of tax incentives and grants. We will provide incentives of up to $8 thousand per megawatt for investments in solar panels for the creation of 15 gigawatts of capacity from solar energy.”</p>
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Source: it.motor1.com