Call for new regulation in electric vehicle loans

MASFED President Aydın Erkoç called for easier access to financing in the second-hand market to accelerate electric vehicle adoption in Turkey, while Garanti BBVA Consumer Finance Director Koray Öztopçu urged regulators to revise invoice-value caps on vehicle loans to reflect current EV prices. The push comes as Turkey's existing loan limits, tied to invoice values set before recent EV price shifts, increasingly constrain borrowing for electric models. The proposals matter because financing access is a key bottleneck for EV sales, particularly in the used segment where buyers face tighter credit conditions. What to watch next is whether banking regulators adjust the loan-to-value thresholds and whether lenders introduce dedicated EV financing products.