Acasă » Electricity » Turkey unveils $3.7-billion home-grown electric car project

Turkey unveils $3.7-billion home-grown electric car project

26 December 2019
Electricity
energynomics

Turkey said it plans to produce up to 175,000 vehicles annually under its domestic electric car project, set to be unveiled by President Tayyip Erdogan on Friday, drawing investment of 22 billion lira ($3.7 billion) over 13 years, according to Reuters.

The project to produce a fully home-grown car has been a longtime goal of Erdogan and his ruling AK Party as a demonstration of the major emerging market’s economic power.

Ahead of the unveiling, the consortium that produced the prototype published a video of the vehicle wrapped in black tarpaulin driving along highways and over a bridge.

The new project, launched in October, will receive state support such as tax breaks, and establish a production facility in the automotive hub of Bursa in northwest Turkey, according to a presidential decision in the country’s Official Gazette.

Five models of the car will be produced by a workforce of more than 4,000 people, the statement said, adding the government had guaranteed to buy 30,000 of the vehicles by 2035.

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