Karsan completed 2024 with a turnover of 296 million euros, sales of 540 electric vehicles and a 28% increase in profitability. Karsan CEO Okan Baş: "For 2025 our goal is 30% growth, sales of 700 electric vehicles and reaching a global electric vehicle park of 2,200 units. With this growth, we expect to increase our total turnover to 350-400 million euros and our electric vehicle turnover to 200-250 million euros."
Evaluating the company's performance in 2024 and sharing its 2025 targets, Okan Baş said that the company, which has a history of 60 years, is among the founders of the Turkish automotive industry with nearly 2,400 employees. Karsan's electric vehicle journey started at the end of 2018 with the 6-meter e-JEST, Okan Baş: "We have an entire product range from 6 meters to 18 meters electric in urban public transportation. Our electric vehicle sales started in 2019 with 66 units. By 2024, our electric vehicle sales reached 540 units, an increase of 45% compared to the previous year. As of today, we have more than 1,500 electric vehicles on the road in 27 countries on 3 continents, including Canada and the United States of America."
In its domestic market, Turkiye, Karsan reached the sale of 68 electric buses. In the second half of 2025, 62 e-ATAs will be delivered to the cities Kahramanmaraş, Mersin and Gaziantep. Stating that Karsan have realized 82% of the electric public transportation exports from Türkiye to Europe in the last 5 years, Okan Baş said, "In 2024, we have achieved the 8th place in the market ranking in Europe and 4.5% in the market share." Karsan also produces passenger cars. In 2023 and 2024 it produced 87 thousand cars and expects to produce annually until 2028, 55 thousand units. Last year the turnover was 296 million euros compared to 240 million euros in 2023. The electric vehicle
turnover increased from 106 million euros to 161 million euros. Karsan announced that 2025 will be a year in which the company will diversify its product range in both electric, autonomous and hydrogen. For hydrogen it signed a strategic cooperation with Toyota. Okan Baş continued: "Today, there are 150 thousand electric vehicles in the world's urban public transportation. This number will increase to 300 thousand units between 2030-2035. This is a serious growth signal and a serious market potential. We believe that 10% of the public transportation market will be hydrogen-fueled vehicles in the future."