Ethanol fuel

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.

Foreign investments in Bulgaria have soared in the first ten months of 2023, reaching nearly EUR 3.4 billion—an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% year-on-year growth. Preliminary data from the Bulgarian National Bank highlights this as the country's highest foreign investment surge in almost 15 years.

The number of vehicles registered to traffic in 2022 exceeded 1.26 million, increasing by more than 10 percent compared to the previous year, data from the Turkish Statistical Institute (TÜİK) have shown.

Fuel prices rose by over 17%

A total of 116,988 vehicles were registered in Turkey in July, the Turkish Statistical Institute (TÜİK) announced on Aug. 27. 

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The figure fell 15.8% from the same month last year but posted a month-on-month rise of 12.1%, TÜİK said.

The total number of road motor vehicles registered to traffic topped 24.8 million by the end of July, TÜİK said.

The number of road motor vehicle registrations in Turkey increased 37.2% year-on-year in June, the country's statistics authority revealed on July 28. 

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A total of 104,316 first- and second-hand vehicles were registered last month, according to the Turkish Statistical Institute (TÜİK).

The number of vehicles registered in Turkey surged 81% in March compared to the same month last year, according to the country's statistics authority on April 20. 

A total of 130,420 new and old vehicles were registered last month, according to TÜİK. 

The overall number of registered vehicles traveling on Turkish roads neared 24.5 million as of this March.

Greek customs authorities have discovered that large amounts of a chemical solvent have been imported to Greece with the purpose of adulterating gasoline sold in the country.

Turkey's temporary suspension of the requirement to include ethanol in gasoline will provide an additional 20,000 cubic meter ethanol capacity for the production of disinfectants and colognes in the country.

Cologne is a traditional ethanol-based scented disinfectant in Turkey.

Turkish carmakers manufactured a total of 1.33 million vehicles in January-November, a 7 percent decline on an annual basis, data from the Automotive Manufacturers' Association (OSD) have shown.