Türkiye will launch $30 billion in financial grants and tax incentives for high-tech investments, President Recep Tayyip Erdoğan announced on Friday. The new high-tech incentives program aims to position Türkiye as a regional production hub for electric vehicle batteries, with $4.5 billion allocated specifically for this sector.
Erdoğan also revealed a $5 billion package to increase electric vehicle production capacity to at least one million cars annually. Additionally, support will be provided for wind energy component manufacturing, along with a grant of up to $8,000 per megawatt for electronic chip investments to establish 15 gigawatts of solar energy capacity.
Through these initiatives, Türkiye aims to attract at least $20 billion in private sector investments, significantly contributing to its technological development process.
