MarketsBusinessTurkiye

Electric Vehicle Sales on the Rise in Turkiye: Over 27,000 Sold in Five Months

Shift to Electric Vehicles Accelerates Amid Declining Petrol and Diesel Sales

Turkiye has witnessed a significant increase in the sale of electric vehicles (EVs) in the first five months of the year. According to the Automotive Distributors and Mobility Association (ODMD), 27,604 fully electric cars were sold from January to May 2023, marking a 257.3% increase compared to the same period last year.

During this period, petrol car sales declined to a market share of 66.1%, diesel cars to 10.5%, and LPG cars to 0.7%. In contrast, the market share for fully electric cars rose to 7.4%.

The overall vehicle market also saw growth, with total sales of automobiles and light commercial vehicles rising by 6% to 471,743 units. Of these, 375,097 were cars, a 10.25% increase, while light commercial vehicle sales dropped by 7.9% to 96,646.

Petrol Cars Still Lead, But Car Sales Trends Are Shifting

Petrol cars remained the top choice with 247,828 units sold, followed by hybrid cars with 54,065 units. Diesel car sales amounted to 39,351 units, and LPG car sales were recorded at 2,783 units.

When considering extended-range electric vehicles, which use a petrol engine to charge the battery and power the electric motor, the total number of electric cars sold rises to 31,070. These vehicles are classified under the “electric” category in the Customs Tariff Statistics Position.

Hybrid and Electric Vehicle Sales on the Rise

Compared to the same period in 2023, sales of diesel and LPG vehicles fell by 33.1% and 37%, respectively. Conversely, petrol car sales increased by 7.4%, hybrid car sales by 50.3%, and fully electric car sales by an impressive 257.3%.

The decline in diesel vehicle sales is attributed to the ongoing phase-out of diesel car production by global manufacturers, reducing the availability of new diesel models in the market.

Petrol cars’ market share decreased from 67.8% in the first five months of last year to 66.1% this year. Diesel cars’ share dropped from 17.3% to 10.5%, and LPG cars’ share fell from 1.3% to 0.7%.

Meanwhile, fully electric cars’ share of total sales rose from 2.3% to 7.4%, and hybrids from 10.6% to 14.4%. Combining fully electric, extended-range electric, and hybrid vehicles, electric motor-equipped cars accounted for 22.7% of the total market.

In May alone, 7,349 fully electric cars were sold, capturing a 9.2% market share for the month.

Source: Trthaber / Prepared by Irem Yildiz

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