Electric and hybrid vehicles reportedly accounted for more than half of the cars sold in Turkey in the first quarter of 2026. Total sales of electric and hybridElectric and hybrid vehicles reportedly accounted for more than half of the cars sold in Turkey in the first quarter of 2026. Total sales of electric and hybrid

EV sales rise in Turkey as fuel gets costlier

2026/04/08 19:20
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Electric and hybrid vehicles reportedly accounted for more than half of the cars sold in Turkey in the first quarter of 2026.

Total sales of electric and hybrid vehicles reached 107,924 between January and March, the state-run Anadolu news agency reported, citing data from Automotive Distributors and Mobility Association.

The growth is in spite of rising energy prices following the US-Israel attacks on Iran. 

This month Ankara imposed a quarterly increase in retail electricity and natural gas prices for households after the near-closure of the Strait of Hormuz, which drove crude prices to almost $120 a barrel in March. 

Oil prices have retreated below $100 a barrel again on the back of news of a two-week ceasefire agreed by the US and Iran on Wednesday.

The share of EVs in total sales increased from 13.2 percent to 18.2 percent, while the share of hybrid vehicles increased from 28.6 percent to 33 percent. In March alone 15,118 EVs and 27,065 hybrid cars were sold.

However gasoline and diesel car sales fell by 20 percent and 27 percent respectively in the first quarter of 2026.  

The primary reason for the decline in diesel car sales was the move by global manufacturers to phase out diesel car production, the report said.

Further reading:

  • EV sales in Turkey nearly doubled in 2025 despite tax hike
  • Hyundai to produce EVs in Turkey from next year
  • Turkey’s homegrown Togg outsells EV rivals
Market Opportunity
Fuel Logo
Fuel Price(FUEL)
$0.00096
$0.00096$0.00096
+1.05%
USD
Fuel (FUEL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch Solana and XRP futures options in October

CME Group to launch Solana and XRP futures options in October

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures
Share
BitcoinEthereumNews2025/09/17 23:55
Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict

Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict

The post Zelenskyy warns Russia aims to involve Belarus in Ukraine conflict appeared on BitcoinEthereumNews.com. Zelenskyy said Russia is trying to draw Belarus
Share
BitcoinEthereumNews2026/04/18 11:12
Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’

Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’

The post Bitcoin, Gold, and U.S. Stocks Dive as Trump Pledges to Hit Iran ‘Extremely Hard’ appeared on BitcoinEthereumNews.com. In brief Bitcoin dropped Thursday
Share
BitcoinEthereumNews2026/04/02 17:57

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!