The International Finance Corporation (IFC) revealed a €100 million loan to Doğuş Otomotiv Servis ve Ticaret A.Ş., one of Türkiye’s foremost automotive distributors and retailers. The financing is designed to widen the availability of electric vehicles (EVs) in Türkiye, encourage the creation of skilled jobs, and support sustainable expansion in one of the region’s most dynamic automotive markets.
Driving Sustainable Mobility in Türkiye
The loan will assist Doğuş Otomotiv in increasing purchases and distribution of EVs, along with ongoing investments in sales and maintenance infrastructure. By broadening access to EVs, the project aims to:
- Reduce dependence on imported fossil fuels, easing pressure on Türkiye’s energy security.
- Cut greenhouse gas emissions, contributing to national and international climate objectives.
- Make sustainable transport more attainable for consumers and businesses nationwide.
“Our partnership with IFC demonstrates international confidence in Doğuş Otomotiv’s environmental and social standards,” said Kerem Talih, Chief Financial Officer of Doğuş Otomotiv. “This financing will enable us to accelerate our investments and lead the development of Türkiye’s electric vehicle ecosystem.”
IFC’s Role in Promoting Green Growth
This investment is IFC’s inaugural partnership with Doğuş Otomotiv and highlights its long-standing commitment to Türkiye’s private sector development.
“This collaboration initiates our partnership with Doğuş Otomotiv and reflects IFC’s continued dedication to supporting the development of Türkiye’s automotive sector,” said Ashruf Megahed, IFC Regional Industry Head for Manufacturing, Agribusiness and Services in the Middle East and Central Asia. “By helping to expand electric vehicle availability and foster local job creation, we are encouraging sustainable growth and innovation in Türkiye’s automotive industry.”
Türkiye’s Automotive Sector: A Regional Powerhouse
Türkiye’s automotive retail market ranks among the largest and most competitive across the Middle East, Central Asia, and neighbouring regions. The country has established a strong standing in both vehicle manufacturing and distribution, making the move to electric mobility a vital next step to preserve competitiveness.
- The shift to EVs opens fresh prospects for workforce training, particularly in fields like battery upkeep, charging infrastructure, and advanced diagnostics.
- Historically, automotive retail has been dominated by low-skilled roles, but the EV transition is expected to generate higher-skilled, better-remunerated positions.
With growing consumer interest in green mobility, Türkiye is well positioned to emerge as a regional frontrunner in EV adoption.
Building a Greener Future
Doğuş Otomotiv’s push into the EV market aligns with Türkiye’s wider sustainability objectives, including commitments to cut carbon emissions and boost energy efficiency. The company’s investments will also bolster local supply chains, widen service networks, and ensure reliable after-sales support for new EV technologies.
By utilising IFC’s financing, Doğuş Otomotiv will not only help expand the EV market but also raise sustainability benchmarks across the entire automotive sector.
A Model for Regional Transition
As additional countries in the Middle East and Central Asia consider routes to electrify transport, Türkiye’s experience could offer a blueprint. The mix of private sector investment, international financial backing, and policy coordination provides a pathway for other nations aiming to reconcile economic growth with climate action.
See also: Understanding the Cost of EV Chargers for Your Home
Sustainability advocate with a keen eye on policies, trends, and real-world EV impact.
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