Turkey Electric Vehicle Market Introduction and Overview
According to SPER Market Research, the Turkey Electric Vehicle Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Turkey Electric Vehicle Market, including market size and trends, product mix, applications, and supplier analysis. Electric vehicles (EVs) are primarily intended to replace traditional modes of transportation, which pollute the environment. Many technological advancements have contributed to the adoption of electric vehicles. They outperform traditional automobiles in terms of fuel economy, carbon emissions, and maintenance, as well as the ease of home charging, smooth operation, and reduced engine noise.
- In 2021, BYD introduced four new electric vehicle types made using Blade batteries in Chongqing. These new vehicle models, Tang EV and Song plus EV, Qin plus EV, and E2 2021, are available on the market and include improved battery safety features.
- Volkswagen, in collaboration with SAIC and FAW, will deliver the seven-seater EV ID.6 Crozz and ID.6 X in 2021. The vehicles are available in two battery versions (77 kWh and 58 kWh), as well as four powertrain combinations.
Market Opportunities and Challenges
Opportunities: Gasoline, as a fossil fuel, is not a renewable energy source and will be depleted in the future. To encourage sustainable growth, it is critical to discover and implement alternative fuel sources. This includes the use of electric automobiles, which do not require gas and are more economical than traditional vehicles. An electric car transforms more than half of the electrical energy from the grid into power at the wheels, whereas a gas-powered vehicle only translates roughly 17%-21% of the energy contained in fuel. The increasing demand for fuel-efficient automobiles as petrol and diesel prices rise drives market growth. This is also related to the depletion of fossil fuel reserves and the increasing tendency of firms to maximize profits from these oil supplies. As a result, these factors increase the demand for enhanced fuel-efficient technologies, which raises the demand for electrically powered vehicles for transportation, further promoting market expansion.
Challenges: Customers' Price Sensitivity and Range Anxiety. An electric car's initial purchase price is significantly greater than that of a combustion vehicle, despite the fact that its total cost of ownership is lower than that of a conventional vehicle. A report from the Natural Resources Defense Council states that buying an electric car typically costs USD 19,000 more than buying a gas-powered vehicle. Price-conscious buyers find it difficult to select an electric vehicle when making a buying decision because of the large difference in the vehicle's initial purchase price. This situation is anticipated to improve in the upcoming years as people become more conscious of the overall advantages and low cost of ownership of electric vehicles. Furthermore, it is anticipated that in the coming years, the disparity in the vehicle purchase prices will disappear as battery technology advances and production volume rises.
Market Competitive Landscape
The electric vehicle market competitive landscape gives information by competitor. Details include the company's overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only relevant to the companies' concentration on the electric car sector. Key players include Turkey's Automobile Joint Venture Group Inc, Ford Motor Company, Tesla Inc, Toyota Motor Corporation, Groupe Renault, Fiat Automobile S.p.A., and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Propulsion, By Range, By Battery Capacity
|
| Regions covered | Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, Eastern Anatolia
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| Companies Covered | Turkey’s Automobile Joint Venture Group Inc, Ford Motor Company, Tesla Inc, Toyota Motor Corporation, Groupe Renault, Fiat Automobile S.p.A.
|
COVID-19 Impact on Turkey Electric Vehicle Market
The health crisis caused by the COVID-19 epidemic has resulted in a fall in practically every business. The government enacted different travel restrictions and lockdowns in the countries, severely reducing industry expansion. Furthermore, only necessary travel was permitted at this time in order to slow the spread of the disease. Changing customer behaviour during the epidemic resulted in a drop in electric vehicle sales. The shutdown of production and business operations disrupted the electric car supply chain.
Key Target Audience:
- Businesses/Corporations
- Environmental Organizations
- Fleet Operators
- Government and Regulatory Bodies
- Individual Consumers
- Investors
- Public Transportation Agencies
- Research and Development Institutions
- Technology Providers
Our in-depth analysis of the Turkey Electric Vehicle Market includes the following segments:
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By Vehicle Type: |
Two-Wheeler
Passenger Car
LCV
M&HCV
|
|
By Propulsion: |
BEV
PHEV
FCEV
|
|
By Range: |
0-50 Miles
51-150 Miles
151-200 Miles
201-400 Miles
Above 400 Miles
|
|
By Battery Capacity: |
<50 kWh
51-100 kWh
101-200 kWh
201-300 kWh
Above 300 kWh
|
Key Topics Covered in the Report:
- Turkey Electric Vehicle Market Size (FY’2024-FY’2033)
- Overview of Turkey Electric Vehicle Market
- Segmentation of Turkey Electric Vehicle Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV)
- Segmentation of Turkey Electric Vehicle Market By Propulsion (BEV, PHEV, FCEV)
- Segmentation of Turkey Electric Vehicle Market By Range (0-50 Miles, 51-150 Miles, 151-200 Miles, 201-400 Miles, Above 400 Miles)
- Segmentation of Turkey Electric Vehicle Market By Battery Capacity (<50 kWh, 51-100 kWh, 101-200 kWh, 201-300 kWh, Above 300 kWh)
- Statistical Snap of Turkey Electric Vehicle Market
- Expansion Analysis of Turkey Electric Vehicle Market
- Problems and Obstacles in Turkey Electric Vehicle Market
- Competitive Landscape in the Turkey Electric Vehicle Market
- Impact of COVID-19 and Demonetization on Turkey Electric Vehicle Market
- Details on Current Investment in Turkey Electric Vehicle Market
- Competitive Analysis of Turkey Electric Vehicle Market
- Prominent Players in the Turkey Electric Vehicle Market
- SWOT Analysis of Turkey Electric Vehicle Market
- Turkey Electric Vehicle Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Turkey Electric Vehicle Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Turkey Electric Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Turkey Electric Vehicle Market
7. Turkey Electric Vehicle Market, By Vehicle Type (USD Million) 2020-2033
7.1. Turkey Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. Turkey Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Two-Wheeler
7.4. Passenger Car
7.5. LCV
7.6. M&HCV
8. Turkey Electric Vehicle Market, By Propulsion (USD Million) 2020-2033
8.1. Turkey Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2020-2026
8.2. Turkey Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2027-2033
8.3. BEV
8.4. PHEV
8.5. FCEV
9. Turkey Electric Vehicle Market, By Range (USD Million) 2020-2033
9.1. Turkey Electric Vehicle Market Size, Share and Forecast, By Range, 2020-2026
9.2. Turkey Electric Vehicle Market Size, Share and Forecast, By Range, 2027-2033
9.3. 0-50 Miles
9.4. 51-150 Miles
9.5. 151-200 Miles
9.6. 201-400 Miles
9.7. Above 400 Miles
10. Turkey Electric Vehicle Market, By Battery Capacity (USD Million) 2020-2033
10.1. Turkey Electric Vehicle Market Size, Share and Forecast, By Battery Capacity, 2020-2026
10.2. Turkey Electric Vehicle Market Size, Share and Forecast, By Battery Capacity, 2027-2033
10.3. <50 kWh
10.4. 51-100 kWh
10.5. 101-200 kWh
10.6. 201-300 kWh
10.7. Above 300 kWh
11. Turkey Electric Vehicle Market Forecast, 2020-2033 (USD Million)
11.1. Turkey Electric Vehicle Market Size and Market Share
12. Turkey Electric Vehicle Market, By Region, 2020-2033 (USD Million)
12.1. Turkey Electric Vehicle Market Size and Market Share By Region (2020-2026)
12.2. Turkey Electric Vehicle Market Size and Market Share By Region (2027-2033)
12.3. Marmara
12.4. Central Anatolia
12.5. Mediterranean
12.6. Aegean
12.7. Southeastern Anatolia
12.8. Blacksea
12.9. Eastern Anatolia
13. Company Profile
13.1. Turkey’s Automobile Joint Venture Group Inc
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Ford Motor Company
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Tesla Inc
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Toyota Motor Corporation
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Groupe Renault
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Fiat Automobile S.p.A.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.6.5. Recent developments
13.7. OTHERS
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
