Naamsa decries government’s lack of EV incentives
In most markets where EV sales have flourished, initial local demand has been stimulated by tax breaks to reduce the price premium of the new technology
The government’s refusal to consider consumer incentives to make electric vehicles (EV) more affordable for South Africans is counterproductive and could deter motor companies from investing in local production, Naamsa CEO Mikel Mabasa has said.
“You can’t expect the industry to manufacture a product it can’t sell to its own people,” he said. “Are we to become an industry that builds vehicles that its local customers will never drive? We believe very strongly that this is the wrong policy.” ..
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