Global Trade Alert
Global Trade Alert

Turkiye: Ministry of Industry and Technology announces a funding call worth USD 5 billion to support EV and PHEV production

Announcement

26 Jul 2024

In July 2024, the Turkish Ministry of Industry and Technology issued a funding call with a value of USD 5 billion to support the production of EVs and PHEVs.

Source

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Number of interventions

6

5 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

26 Jul 2024

Revocation date:

No revocation date

Updated: 26 Jul 2024
Tax or social insurance relief In force

On 26 July 2024, the Ministry of Industry and Technology of Turkey announced a selective tax concession to businesses investing in plug-in hybrid electric vehicles (PHEVs) and battery electric vehi...

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Updated: 26 Jul 2024
In-kind grant In force

On 26 July 2024, the Ministry of Industry and Technology of Turkiye announced free land allocation to businesses investing in plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles ...

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Updated: 26 Jul 2024
State loan In force

On 26 July 2024, the Turkish Ministry of Industry and Technology has announced a state loan to support businesses investing in plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles...

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Updated: 26 Jul 2024
Tax or social insurance relief In force

On 26 July 2024, the Ministry of Industry and Technology of Turkey announced a tax relief measure to support businesses investing in plug-in hybrid electric vehicles (PHEVs) and battery electric ve...

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Updated: 26 Jul 2024
Financial grant In force

On 26 July 2024, the Turkish Ministry of Industry and Technology announced a financial grant to support businesses investing in plug-in hybrid electric vehicles (PHEVs) and battery electric vehicle...

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Implementation date

26 Jul 2024

Revocation date:

No revocation date

Updated: 26 Jul 2024
Import tariff In force

On 26 July 2024, the Turkish Ministry of Industry and Technology announced a customs duty exemption on a number of vehicles to support businesses investing in plug-in hybrid electric vehicles (PHEV...

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