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First, 22 billion Turkish lira investment coming from local billionaires/companies according to newspapers, not from states pocket. The biggest problem of Turk
by rth 7y ago
First, 22 billion Turkish lira investment coming from local billionaires/companies according to newspapers, not from states pocket.
The biggest problem of Turkish economy is the lack of gasoline and imported cars. The country pay $20B for gasoline and 76% of the gasoline consumed for cars (remaining percentage for airline and sea vehicles). They import over 500M cars every year. Probably $30B to $40B goes to imported cars (it would be over $100B including taxes)
These issues, makes the negative trade gap in the balance sheet.
Overall, seems producing electric car will help a lot for Turkish economy, and Turkey might pay it's debt very short period by this step.
- sobani 7y ago> They import over 500M cars every year. Turkey has a population of 82M, so this seems unlikely.
- rth 7y agoThanks for pointing out, should be "over 500k annually"
- rth 7y agoI can't edit this post anymore, please remove "000" for each number you see here related to imported car stats, gasoline numbers are correct.