SA needs to position itself for global EV market growth now
The SA automotive master plan does not specify any goals for electric vehicles and mainly focuses on internal combustion engine vehicles
Over the past five years there has been a concerted effort across the world to reduce carbon emissions. Many industries are transforming themselves accordingly to deliver a greener future. This is also true for the automotive industry, which is investing heavily in the research, development, and production of electric vehicles (EVs) — a cleaner alternative to internal combustion engine (ICE) vehicles.
Governments, especially in developed markets, are enacting laws and policies that support EVs and penalise ICE cars. The EU, to which SA exports 60.6% of its total vehicle production, is a key advocate for EVs and has put in place carbon emission reduction mandates for 2020 and 2021. As a result of this transition, SA’s automotive industry must work hard and fast to position itself for the anticipated rise in global EV market growth...
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