By Trend
Türkiye’s first local car Togg, which is expected to be on the
streets in the first quarter of next year, has been given a head
start with a law decreasing the Special Consumption Tax (ÖTV) for
electric cars of its class, Trend reports citing Hurriyet Daily News.
The tax amount to be collected from electric cars whose engine
power does not exceed 160 kW and whose price excluding tax does not
exceed 700,000 Turkish liras ($41,000) will be 10 percent, while
the tax of those whose price excluding tax exceeds 700,000 liras
will be 45 percent, according to the law.
Regarding the cars whose engine power exceeds 160 kW, the ÖTV
rate will be 50 percent for those whose price exceeds 750,000 liras
($44,000), and 60 percent for those whose engine power exceeds
750,000 liras.
Considering the new ÖTV rate and the maximum price excluded tax
of 700,000 liras, it is estimated that the price of the first
C-segment SUV model to be offered by TOGG will be around 908,000
liras ($54,000).
“We aim to protect domestic production by decreasing the ÖTV and
making Togg attractive,” said Mustafa Elitaş, the deputy
parliamentary group leader of the ruling Justice and Development
Party (AKP).
Before this law, the ÖTV rate of electric cars whose engine
power doesn’t exceed 85 kWh was 10 percent, while it was 25 percent
for electric cars between 85 kW and 120 kW.
—
Follow us on Twitter @AzerNewsAz
