While the gap between electric vehicle prices and gasoline vehicle prices is rapidly shrinking, figures in Türkiye clearly reveal the extent of the change. According to 2025 data, the average price difference of battery electric cars will be over 30 percent in 2024 to approximately 10 percent in 2025 It went down to . The decline in battery costs, more affordable models, domestic production and tax advantages reduced this difference. This way, you can compare gasoline and electric options at much closer prices when buying a car.
The battery, one of the most expensive components of the car, has one of the biggest shares in the convergence of prices. The global average cost of lithium-ion battery packs will decrease by 8 percent in 2025 compared to the previous year. to $108 per kWh landed. While increasing production capacity and competition between manufacturers brought down costs, the wider use of lithium iron phosphate batteries also supported this change. LFP batteries accounted for more than 55 percent of global electric vehicle battery use in 2025, and LFP packs achieved more than 40 percent lower average cost than NMC alternatives.
The cheaper price of the battery is not directly reflected in the sales label of the car, because manufacturers transfer some of the cost savings to larger batteries and hardware. Despite this, a 2026 study examining more than 100 thousand data points in Germany found that the real prices of electric cars with similar features are It decreased by approximately 18 percent between 2020-2025. It shows. Real prices of internal combustion models increased by approximately 2 percent in the same five-year period. Researchers calculate a decline in global battery prices of between 35 and 37 percent adjusted for inflation.
On the other hand, the sale of more affordable models also brings down the average electric vehicle prices. In Germany, new models and falling battery costs reduced the sales-weighted average price of electric cars by approximately 5 percent in 2025. When manufacturers’ price changes and other factors are taken into account, the total annual decline reached approximately 6 percent. Across Europe, the average price difference between electric SUV models versus their internal combustion equivalents will be around 20 percent in 2024. To around 10 percent in 2025 landed.
Electric vehicle prices in Türkiye are approaching gasoline models
Türkiye provides one of the most obvious examples of the change between electric and gasoline vehicle prices. Affordable imported models, growing domestic production and SCT rates applied to electric cars reduced the average price difference from over 30 percent to approximately 10 percent in 2025. On average, battery-electric models from China carried prices about 15 percent lower than internal combustion cars and accounted for about 10 percent of electric sales. The average price of Togg models remained approximately 20 percent below that of conventional cars, and the brand captured more than one-fifth of the battery electric car market.
Taxes directly affect the final sales price in this comparison. While electric cars benefit from lower SCT rates, the regulation in July 2025 will impose the lowest rate for battery electric models that meet certain price criteria. to 25 percent took it out. In addition, an additional 30 percent customs duty was imposed on electric cars coming from countries outside the European Union in September 2025. The 40 percent additional tax introduced in 2024 for electric cars imported from China is also on the other side of the price calculation.
Sales figures also show how much the electric car market has grown, along with the shrinking price difference. While electric car sales in Türkiye reached approximately 190 thousand units by 2025, the share of battery-powered electric cars alone in the passenger car market increased to 17.5 percent. Global market data, which also takes rechargeable hybrids into account in the broader definition of electric cars, shows that 2025 sales in Türkiye have increased to approximately 240 thousand units and the share in total new car sales exceeds 20 percent. Thus, Türkiye has become the fourth largest electric car market in Europe in 2025, after Germany, the United Kingdom and France.
The first months of 2026 also brought figures showing that the rise in sales continues. Electric car sales in the first four months to 54,892 units and took an 18.9 percent share of the total automobile market. In the same period of 2025, 43,053 electric cars were sold, thus the annual increase reached approximately 27.5 percent. In the same four-month period, gasoline car sales decreased from 149,537 units to 122,808 units.
In fact, the purchase price is only the first part of the car’s total cost calculation. Data for 2025 in Europe show that the energy cost of battery electric cars using a combination of private and public charging is less than that of their gasoline equivalents. 33 percent lower It shows that it remains. Even when you only use public charging points, the energy cost of an electric car remains approximately 5 percent lower. Since the electric motor does not require oil change, exhaust system and various maintenance procedures specific to the internal combustion engine, you encounter different items in service expenses.
The convergence of prices does not proceed at the same pace in all automobile classes. In Europe by 2025 Under 30 thousand euros While the number of electric models sold increased, gasoline options in the small and lower-middle class continued to offer a wider price range. German data shows that battery electric cars have reached parity with their internal combustion equivalents in purchase price in the middle, upper-middle and luxury classes. Therefore, when comparing electric and gasoline vehicles, class, battery capacity, tax rate and charging method directly change the final cost calculation.
The production scale on the battery side continues to be one of the main variables in the price calculation in the coming years. Global electric vehicle battery use to grow nearly 30 percent in 2025 1.2TWh level, exceeding seven times the volume in 2020. Electric vehicles accounted for more than 70 percent of global battery usage, while light vehicles took up more than 85 percent of total electric vehicle battery usage. The average battery capacity of battery electric cars in the European Union will be around 2025 70 kWh remained at the level.
Technological developments increase model options as well as prices. worldwide in 2025 630 different battery electric car models The five best-selling models accounted for approximately 20 percent of total sales. Tesla Model Y alone captured nearly 8 percent of global battery electric car sales, with Tesla Model 3 gaining 3.6 percent, Geely Geome Xingyuan 3.5 percent, Wuling HongGuang Mini 3.1 percent and BYD Seagull 3 percent. While one in every four new cars sold worldwide will be electric, total electric car sales will increase in 2025 exceeded 20 million units.