Price hike for domestic electric car brand Togg

According to the new price list published by the company, the price of the V1 RWD Standard Range has increased from 1 million 227 thousand 500 liras to 1 million 430 thousand liras, the V2 RWD Standard Range from 1 million 329 thousand 500 liras to 1 million 550 thousand liras, and the V2 RWD Long Range from 1 million 563 thousand 500 liras to 1 million 820 thousand liras.

It was noted that the rate of increase determined for Togg's prices is the same as the rate of increase made in the Special Consumption Tax (ÖTV) base limit for electric vehicles in November. The tax base for electric cars was updated in November. With the change made on November 18, the tax base (pre-tax price) limits for cars with a motor power below 160 kW were increased. Accordingly, the tax base limit used for electric cars falling into the lowest tax bracket of 10 percent was raised from 1 million 250 thousand liras to 1 million 450 thousand liras.

50 PERCENT INCREASE IN 8 MONTHS

The first update to Togg's prices occurred in July. The starting price of the car, which was set at 953 thousand TL in April, increased by 26 percent with the update in July and rose to 1 million 227 thousand 500 liras. With the latest price hike, the figures show that Togg's price has increased by 50 percent in the 8 months since it first went on sale.

News Source: 12punto