Turkey Luxury EV Market Size & Outlook, 2025-2033

Turkey Luxury EV Market Insights

Deep Market Insights analysis indicates that the Turkey Luxury EV Market size, valued at USD 1.68 Billion in 2024, is expected to expand to USD 6.66 Billion by 2033.
The Turkey market is forecasted to expand at a CAGR of 16.54% spanning 2025–2033.
Luxury Sedan held the leading position among Vehicle Class segments in 2024, based on market size.
Luxury SUV is projected to post the fastest growth rate, sustaining its position as the most attractive Vehicle Class segment during the forecast horizon.

In 2024, Turkey represented 0.8% of the overall global Luxury EV Market size.
United States is projected to lead the global Luxury EV Market size by 2033.
Across Middle East and Africa, United Arab Emirates is anticipated to hold the dominant position in market size by 2033.
Saudi Arabia is forecasted to expand at the fastest pace in Middle East and Africa, attaining USD 16.81 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 1.68 Billion
Market Size In 2033	USD 6.66 Billion
Largest segment	Luxury Sedan
Units	Revenue in USD Billion
CAGR	16.54% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends