Turkish President Recep Tayyip Erdogan said Tuesday that Turkey's first indigenous automobile would contribute 50 billion euros ($58.7 billion) to the country’s Gross Domestic Product (GDP).
Erdogan said on Twitter that the electric car will also reduce Turkey’s dependency on petroleum.
“Our electric automobile that will hit the roads in 2021 will contribute 50 billion euros to GDP, reducing oil dependency. It's time for a local car. It’s time for Turkey,” he said.
Erdogan also shared a graphic that described how the indigenous automobile would contribute to Turkey’s economy.
Nearly 100 sub-sectors that will develop information, software and digital technologies will form and smart driving systems will reflect technologies of the future, the graphic said.