Rise in Fuel Prices Could Accelerate the Transition to Electric

Rise in Fuel Prices Could Accelerate the Transition to Electric
Rise in Fuel Prices Could Accelerate the Transition to Electric

With the SCT hike announced in the past weeks, fuel prices also increased and exceeded the 30 TL band. With this increase, car owners or those who are considering buying a car started to look for different alternatives, taking into account the costs. MOTOR AŞİN, one of the most established companies in the automotive industry, emphasized that electric vehicles will be the reason for preference in this process.

Referring to the details on the subject, MOTOR AŞİN CEO Saim Aşçı said, “Increasing fuel cost directs drivers to more economical alternatives. Although LPG vehicles are widespread in our country, the interest in electric vehicles is increasing day by day, especially with the entry of our national vehicle, Togg, into the market. According to the data shared by TEHAD, 2022 thousand hybrid and more than 19 thousand electric vehicles were sold in 8. We think that especially as a result of the increase in gasoline prices day by day, the consumer's preference for electric vehicles will accelerate due to the much lower operating cost.” said.

It is predicted that a transformation will begin in consumer trends with the announced SCT hike and increased fuel costs. The demand for hybrid or electric vehicles instead of internal combustion engine vehicles is increasing day by day. Electric vehicles for a long time; It attracts attention because it is environmentally friendly, emits less carbon and has lower operating costs. When the increasing fuel cost is added to these reasons, it is expected that the transformation from internal combustion engine vehicles to electric vehicles will accelerate. For example, a B-segment Renault Clio costs 1,52 TL per kilometer in urban use, while Renault Zoe incurs an energy cost of 0,46 TL in urban use. While the Porsche Panamera, a luxury segment vehicle, burns 4 TL per kilometer, the electric Porsche Taycan offers a more economical alternative to consumers with a cost of 0,55 TL.

“Electric vehicle sales increased by 2022% in 188”

While rising gasoline prices lead the consumer to seek alternative ways to provide more economical conditions; Motor AŞİN CEO Saim Aşçı stated that electric vehicles, whose popularity has increased in the last 2 years, can offer a solution in this context, and said, “With the SCT hike, gasoline prices increased and exceeded the 30 TL band. We anticipate that the increase in gasoline prices will accelerate the transition to electric. Looking at the last 2 years, hybrid and electric vehicle sales have already shown an upward momentum. With Togg, this ratio has increased exponentially. According to TEHAD's data, we observe that 2022 thousand hybrid and more than 19 thousand electric vehicles were sold in 8. We think that hybrid vehicles can soften the transition in this transformation phase, but considering the data, there was a 6 percent decline in hybrid vehicle sales, while electric vehicle sales increased by 2022% in 188. When cost comparison is made, electric vehicles are a much more economical option for the consumer thanks to their low operating costs. Of course, it would not be right to attribute such an increase in demand only to rising fuel prices. Other factors, such as technological advances in electric vehicles, improvements in charging infrastructure, and falling battery costs, are also driving demand. In addition to all these, we think that this process will definitely accelerate if there are incentives and supports in our country. We hope that the range problem in long-distance journeys will be overcome with technological advances and increasing infrastructure investments. As a result, we are still talking about an emerging technology and there is still a long way to go.” said.