Global Trade Alert
Global Trade Alert

Turkiye: The government supports the first fully homemade electric car investment project worth $3.7 billion

Announcement

27 Dec 2019

On 27 December 2019, the government of Turkiye approved the TOGG’s investment project concerning the production of electric vehicles in Bursa to be eligible for the project-based investment incentive program.

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 Dec 2019

Revocation date:

31 Dec 2035

Announced: 27 Dec 2019
Public procurement localisation In force
On 27 December 2019, the Turkish government announced approving the TOGG’s investment project concerning the production of electric vehicles in Bursa within the scope of the project-based investment i...
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Implementation date

27 Dec 2019

Revocation date:

27 Dec 2024

Announced: 27 Dec 2019
Financial grant
On 27 December 2019, the government of Türkiye approved TOGG’s investment project concerning the production of electric vehicle for the project project-based investment incentive program. The investme...
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Implementation date

27 Dec 2019

Revocation date:

27 Dec 2029

Announced: 27 Dec 2019
Interest payment subsidy In force
On 27 December 2019, the Turkish government accepted the application of TOGG’s investment project concerning the production of electric vehicle for the project project-based investment incentive progr...
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Implementation date

27 Dec 2019

Revocation date:

No revocation date

Announced: 27 Dec 2019
In-kind grant In force
On 27 December 2019, the government of Türkiye announced approving TOGG’s investment project concerning the production of electric vehicle in Bursa within the scope of the project project-based invest...
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Announced: 27 Dec 2019
Tax or social insurance relief In force
On 27 December 2019, the government of Türkiye approved the Türkiye’nin Otomobili Girişim Grubu Sanayi ve Ticaret A.Ş. (Türkiye’s Automobile Joint Venture Group (TOGG))’s investment project concerning...
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