Newsmaker
CHRIS BARRON: South African car exporters losing the EV race
Naamsa chief says state failure to spell out incentives could deal mortal blow to manufacturers as ban on fossil-fuel vehicles looms in Europe
13 November 2022 - 06:04
Neale Hill, president of the National Association of Automobile Manufacturers of South Africa, says hostile local conditions and a lack of government policy on electric vehicles (EVs) are making it “extremely difficult” to sell the country as an investment destination.
“It's getting more and more difficult for us to make a business case to our global head offices for continuing to invest in the South African automobile manufacturing industry,” he says...
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