Volkswagen

OpenCalais Metadata: Ticker

VOWG

EV makers modify engines for Turkish market for lower tax

Electric carmakers are adjusting the engine powers of their vehicles so that consumers pay lower taxes, which serves as a kind of incentive to buy EVs.

In the past, carmakers resorted to a similar method to boost sales. They designed 1.5-liter or 1.6-liter engines, especially for the Turkish market which would fit into lower tax brackets and made those vehicles more accessible.

Some 100,000 EVs expected to be sold this year

Türkiye's electric vehicle market is expected to continue to grow at a fast pace well into 2024, with EV sales forecast to reach 100,000 units in the new year.

The EV market's expansion last year was astonishing. In January-November of 2023, a total of 60,101 EVs were sold in Türkiye, marking a staggering 867 percent increase from the same period of the previous year.

How green are country’s ‘green islands’ in reality?

Following Halki and Astypalaia, Poros is now poised to become Greece's third "green island" under the GR-Eco Islands initiative. 

But, in practice, how green are the country's "green islands"? The project is currently focused on energy and less polluting transportation, but it doesn't address waste, sewage, or water "production."

Pages