We have entered a period where the last steps are taken for the domestic automobile. Currently, partial trials are being carried out with 208 robots at the Gemlik facility. Production trials will start from next July. The vehicle is undergoing Euro NCAP performance and crash tests in Europe. But everyone has the same question in mind. How much money will Togg be?
Accordingly, we can say that the expected government support for Togg comes with tax regulation. According to the bill currently under discussion, a new SCT segment is introduced for electric cars (which includes Togg’s C-SUV single engine option).
Tax regulation for Togg: New SCT slice is coming!
With the tax regulation introduced for Togg, the new tax rate will be 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. This directly includes Togg’s rear-wheel drive (160 kW) model.
Secondly, for those whose engine power exceeds 160 kW, 50 percent SCT will be applied if the Special Consumption Tax base does not exceed 750 thousand TL, and 60 percent for others. This includes the 2-motor (4-wheel drive – 320 kW) version of the Togg.
Another local competitor is coming to Togg!
Koç Holding, Korean and Ford put their plans to establish a battery production facility in Turkey. Moreover, 2 billion dollars were invested.
If we make a rough calculation, the price of the version with 160 kW engine power of Togg will be 700 thousand TL without tax and if it is below 10 percent SCT, then 18 percent VAT will be applied for 908 thousand TL.
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