Interest in hybrid and electric cars is skyrocketing in South Africa, driven by the steady decline in prices.
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Government’s support for the industry, announced on Wednesday, comes after long delays and much frustration.
Automotive association expresses disappointment at finance minister’s speech regarding electric vehicles.
The announcement of a long-awaited electric vehicle policy by government is expected in early November.
South Africa will provide fiscal support to the motoring industry to help it transition to producing electric vehicles.
The sale of electric vehicles in South Africa more than doubled year on year in the second quarter, albeit off a low base.
Not enough is being done to support the transition by South Africa’s motor manufacturing industry to electric vehicles.
The Automotive Business Council has recommended that government subsidise South Africans wanting to buy full electric vehicles to the tune of R80 000.
The Africa head of Ford said South Africa must deliver policy certainty on electric vehicles within six months to save its motor manufacturing industry.
Toyota is anticipating that the government will provide a support package to reduce the price of new-energy vehicles to make them more accessible.