Record Growth in the Electric Vehicle Market

A 27% market share was not a figure anyone had predicted. This record was achieved through a combination of factors: attractive prices amid declining purchasing power, a well-developed charging network on main roads, significantly lower fuel costs compared to petrol, Togg's affordable installment plans, Tesla's remarkably low-cost vehicle, and major incentives granted to BYD.

If this trend continues, it would not be an exaggeration to say that the collapse of the domestic automotive industry—which directly employs 370,000 people and provides a livelihood to 2 million people when including families and supporting sectors—will accelerate.

On the other hand, electricity, 66% of which is produced from domestic sources, will contribute positively by reducing oil imports. A major transformation is underway, and the gains and losses of this shift must be carefully calculated.

Note: Add to this the fact that imported vehicles currently hold a 76% market share.