Hyperdrive
Turkey Hikes Tax on Chinese EVs in Boost to National Car Project
BYD has signed a memorandum of understanding with Turkish distributor ALJ Turkiye to enter the Turkish market.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Turkey raised customs duty on Chinese electric vehicles as President Recep Tayyip Erdogan’s government prepares to roll out the country’s first domestically produced electric car.
Turkey will impose an additional 40% customs duty on electric vehicles made in China, according to the Official Gazette.