Why is Türkiye a key player in energy storage?

As global investments in energy storage systems continue to grow, Türkiye has positioned itself as a key player, with two cell production facilities and nearly 100 lithium-ion battery production factories of various scales actively operating across the country.

Will Türkiye become a hub for battery technology?

Under the HIT-30 investment program, Türkiye seeks to become a regional hub for battery technology, with plans to build a capacity of 80 gigawatt-hours by 2030.

Will Türkiye's battery and storage power plants be approved next year?

However, Usta noted that despite draft regulations, the legal framework for battery and storage power plants is still evolving. The first approvals are expected next year. Türkiye’s battery imports remained steady at around $1.1 billion, similar to last year.

How big is Turkey's battery industry?

Türkiye’s battery imports remained steady at around $1.1 billion, similar to last year. Usta forecasted that exports would rise from $39 million to $48 million by the end of the year. He also highlighted the success of the association's summit, which attracted international interest and further strengthened Türkiye’s standing in the battery sector.

How many battery plants are there in Türkiye?

With these new additions, the total number of battery production facilities in Türkiye will reach 11. However, Usta noted that despite draft regulations, the legal framework for battery and storage power plants is still evolving. The first approvals are expected next year.

Why should you invest in EVs in Turkey?

High gasoline prices in Turkey. Cheap electricity prices in Turkey. The fact that the EV market is a new market ready to be exploited and Turkey can unveil a local car brand. New job opportunities. The presence of electric bus manufacturers in Turkey. Open and flexible to new business models. Chance to control GHG emissions.