President Recep Tayyip Erdoğan made important statements at the High Technology Incentive Program Introduction Meeting. Here are the highlights of his speech:
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- Hostility towards capital and anti-investment will not be allowed:“We will never give a chance to those who are hostile to capital and anti-investment. The global system has begun to run its course.”
- Criticism of applauding a genocidal murderer in the USA:“The whole world watched how a genocidal murderer was applauded in the US Congress. What kind of a thing is this?”
- Emphasis on economic data showing that we are on the right track:“Recently announced data shows that we are on the right track. The confidence of market players abroad in the Turkish economy is increasing.”
- Importance and impact of Togg:“Togg is now on the road. The determination we have shown in Togg has inspired other sectors.”
- Turkey’s investment targets:“We aim to make the Türkiye Century the century of investment.”
- Investment incentives and targets:“The incentive package and battery production targets that aim to increase production capacity have been announced.”
| Investment Area | Grant Amount | Aim |
|---|---|---|
| Electric Vehicle Production | 5 billion dollars | Increasing to 1 million units per year |
| Battery Production | $6,000/megawatt hour | Construction of 80 gigawatt capacity by 2030 |
| Chip Technologies | 5 billion dollars | Building at least an industrial-scale chip factory |
| Solar energy | $8,000/megawatt | Per cell for 15 gigawatts of capacity |
