Motor industry gets its plan on EV manufacturing
The government will back the transition, but hiked the vehicle emissions tax, taking aim specifically at double-cab bakkies
21 February 2024 - 14:18
Finance minister Enoch Gondongwana on Wednesday made good on a long-delayed promise to SA-based motor manufacturers that the government would back its transition to electric vehicle (EV) manufacturing, but hiked the vehicle emissions tax, taking aim specifically at double-cab bakkies.
The motor industry has been warning the government for years that rapid regulatory change in its key European and North American markets makes its business model unsustainable, and that the industry’s long planning horizon’s required urgent change...
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