Grants of up to 20 Million Liras to Vehicle Charging Stations

According to a statement issued by the Ministry of Industry and Technology, grant support of up to 75% of the investment cost and 20 million TL will be provided for vehicle charging station investments.

Grant support is coming for electric vehicle charging station investments. State support for technological investments has increased with the regulation of the Ministry of Industry and Technology in today's issue of the Official Gazette.

According to the package published in the Official Gazette, it was stated that investors who want to establish an electric charging station will be provided with non-refundable grant support up to 75 percent of the investment cost and 20 million TL.

It has been stated that the limitation on not being sold, rented, or transferred, which is foreseen as 3 years for machinery and equipment purchased by using the support program within the scope of the electric vehicle charging station investment support, will be applied for 1 year, provided that the place and purpose of use of the machinery and equipment are not changed.

The regulation provides non-refundable support of up to 60% of the project cost and up to 10 million TL for the development of technological products resulting from R&D studies. Here, investors will be able to receive 25 percent of the money as a prepayment if they give collateral.

The company benefiting from the support will be asked to complete the project within 36 months. For problems to be experienced, an additional 6-month period will be granted once.