Multinational carmakers in South Africa are in discussions with their international headquarters to produce electric vehicles in the country, and the recently announced tax incentive could soon extend to hybrid cars.
“This will allow producers to claim 150% of qualifying investment spending on electric and hydrogen-powered vehicles within the first year,” said Godongwana. that the country was at risk of being overtaken by countries like Ethiopia and Egypt due to the lack of policy.Martina Biene, managing director and chair of Volkswagen South Africa, warned that further delays could result in the country missing out on securing future investment in its motor industry.
Biene said Volkswagen is still committed to production in South Africa. However, it requires a business case to manufacture 50,000 to 60,000 EVs to invest accordingly.shattered its sales recordsDuring its State of the Motoring Industry 2024 address at the Kyalami racing circuit on 25 January 2023, Toyota said 931 new fully-electric vehicles were sold in South Africa in 2023.