The mass production of the domestic electric car Togg is 1 month away and it is 6 months away from the sale. However, questions about its price began to increase. So how much money will Togg be? Tuncay Özilhan, one of the owners of the company, clarified the issue.
How much money will Togg be?
Turkey’s Automobile Enterprise Group, also known as Togg, has 5 founding partners. These are Anadolu Group (23 percent), BMC (23 percent), Turkcell (23 percent), Zorlu Holding (23 percent) and TOBB (8 percent).
The Anadolu Group, which owns 23 percent of Togg, is held by Yazıcılar Holding with 68 percent and the Özilhan Group by 32 percent. Therefore, Tuncay Özilhan, who answered the question of how much money will be Togg today, is actually one of the owners of the company.
Another reason why Tuncay Özilhan’s statement created a bombshell effect on the agenda is that President Recep Tayyip Erdoğan said that the tax regulation made in the past period was for Togg. The resulting amount is quite close.
Accordingly, the new tax rate is 10 percent for electric cars whose engine power does not exceed 160 kW and whose Special Consumption Tax base does not exceed 700 thousand TL, and 40 percent for others. In addition, it has been decided to apply an SCT of 50 percent if the Special Consumption Tax base does not exceed 750 thousand TL, and 60 percent if it exceeds this amount, for vehicles whose engine power exceeds 160 kW, that is, targets a little more performance and luxury class.
The first SUV model that Togg will offer for sale will have 2 different engine options, 150 kW and 300 kW, rear-wheel drive and four-wheel drive. In this case, Togg’s 150 kW model will have a price of less than 700 thousand TL without SCT.
At this price, first 10 percent SCT, then 18 percent VAT will be applied. Therefore, the maximum price will be 908 thousand TL. When we look at the other four-wheel drive version, 50 percent SCT will be applied if it is below 750 thousand TL and 60 percent if it is above.