High Technology Incentive Program Introduced: Here are the Details

President Recep Tayyip Erdoğan spoke about the highly anticipated event today at an event held by the Ministry of Industry and Technology in Istanbul.High Technology Incentive Program” he introduced. The program aims to make Turkey the focal point of technology investments.

Erdoğan, with the program, 30 billion dollar resource He stated that they will direct them to high technology investments. On the other hand, at least $20 billion private sector investment He stated that they aim to bring it to our country.

$5 billion incentive for electric vehicles, $4.5 billion support for batteries

According to the statements, great importance will be given to electric vehicles within the scope of the program. According to this 5 billion dollar incentive package aiming to increase production capacity to at least 1 million annually will be put into operation. There are no other details about this. We do not know whether the 1 million production capacity will include only electric cars or commercial and hybrid vehicles.

On the other hand, battery production was also determined as a priority area. It was stated that 80 gigawatt capacity will be built by 2030 and the aim is to become a regional production base. Includes grant support of up to 6 thousand dollars per megawatt hour $4.5 billion It was stated that the incentive package will be offered to investors.

40% grant support for chip investment, $3.2 billion support for solar and wind energy

We know how important chip technologies have become today. There are steps towards this in the program. According to Erdoğan, in order to bring the chip factory to Turkey $5 billion incentive package will be put into effect and this package will up to 40% It will include capital contribution and grant support.

On the other hand, there are also important statements about renewable energy sources. Grant support of up to 8 thousand dollars per megawatt will be provided for 15 gigawatt cell investments in solar energy, the total of the package 2.5 billion dollars will find it. For wind energy $1.7 billion resources will be allocated.

Apart from this, big technology companies R&D centers will be brought to Turkey will be studied. Erdogan said that the centers to be established in our country by the world’s top thousand companies in terms of R&D activities They will cover half of their personnel expenses for 5 years. says.

That’s all the information shared about the program. Erdoğan stated that they will share their plans on 4 other issues soon. Minister of Industry and Technology Mehmet Fatih Kacır described the program as the largest incentive package in history.