Türkiye Cracks Down on Hybrid Car Imports

A Hyundai Motor's NEXO hydrogen car is fueled at a hydrogen station in Seoul, South Korea, August 13, 2019. (Reuters)
A Hyundai Motor's NEXO hydrogen car is fueled at a hydrogen station in Seoul, South Korea, August 13, 2019. (Reuters)
TT

Türkiye Cracks Down on Hybrid Car Imports

A Hyundai Motor's NEXO hydrogen car is fueled at a hydrogen station in Seoul, South Korea, August 13, 2019. (Reuters)
A Hyundai Motor's NEXO hydrogen car is fueled at a hydrogen station in Seoul, South Korea, August 13, 2019. (Reuters)

Türkiye's trade ministry imposed strict conditions on the import of plug-in hybrid vehicles from some countries, including China, according to a notice published in the Official Gazette on Friday.

The move follows a decision in June to limit imports of electric vehicles.

China has faced widespread criticism over its vehicle exports, which many countries claim are heavily subsidised by Beijing, according to Reuters.

Analysts say Ankara is also seeking to increase pressure on Chinese carmakers with which it is holding talks about investing in production in Türkiye.

The notice, which takes effect in 30 days, says an importer must meet conditions including having 20 authorised service shops in seven different regions of Türkiye, in order to import chargeable hybrid vehicles not produced in the European Union or in countries with which Türkiye has a free trade agreement.

Analysts say no importers meet the conditions.

"All plug-in hybrid vehicles that will come from now on will be blocked, apart from those in stock already. Other hybrid cars are already subject to a high customs tax," Erol Sahin, founder of EBS Danismanlik consultancy said.

He added the government was "toughening its message of hurry up" to the Chinese firms with which it is negotiating over domestic production.

In July, China's BYD agreed with the Turkish government to build a $1 billion plant in Türkiye with an annual capacity of 150,000 vehicles.

Last week, Turkish sources said BYD's investment process in Türkiye continued without any problems, after China's warning to its companies about the risk of overseas investment.

China's Chery and SAIC are also in talks.

In Europe sales of fully electric vehicles have been falling more rapidly than of hybrid cars, data has shown this week.

Türkiye's domestic car and light vehicle market was at 762,000 units for the first eight months of the year, around the same as last year. Imports of Chinese brands jumped more than two fold to 63,000 units, taking 8% market share, according to industry datatu



Britain Announces Fresh Russia Shipping Sanctions

Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
TT

Britain Announces Fresh Russia Shipping Sanctions

Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Britain said on Thursday it had sanctioned five ships and two other shipping entities under its Russian sanctions regime.
Earlier this month Britain slapped sanctions on 10 further ships in Russia's so-called "shadow fleet" of vessels which it says use illicit practices to avoid Western restrictions on Russian oil, Reuters reported.
Russia rejects Western pressure to limit its oil exports, and in the past year there has been a growth in the number of tankers transporting cargoes that are not regulated or insured by conventional Western providers.
Thursday's sanctioned entities were White Fox Ship Management and Ocean Speedstar Solutions OPC. The ships were Asya Energy, Pioneer, North Sky, SCF La Perouse and Nova Energy.