In a note published this week, CDH experts outlined the current state of tax on petrol and diesel vehicles while outlining potential changes in the country’s legal framework that could work alongside regimes already in effect.
However, in light of the use of petrol and diesel vehicles being scaled down – and eventually banned – in the United Kingdom and European Union, the South African government is under pressure to transform the local motoring industry. Furthermore, the UK Government announced that it will continue to regulate the CO2 emissions of new non-zero emission cars and vans to limit their emissions until all new sales are zero-emission at the exhaust.
The legal firm highlighted three key measures that will likely encourage the shift to electric vehicles in South Africa:In advancing its efforts towards promoting economic growth and industrial development, the South African government, via the Department of Trade and Industry, has established various special economic zones within designated areas in South Africa, CDH said.
“The commercial impact of these incentives is very favourable, and it could be used as a key tool to adapt to the growing global shift towards net-zero motor vehicles,” it said.CDH said that a recent white paper from the Department of Transport proposed, amongst others, further investigations of additional and innovative funding strategies for traffic management functions.
Rotfl
How much is the cheapest electric car at the moment? Be realistic please
jmtros We don't have electricity for our homes and businesses, wtf will we get it for our cars?
Ja hey, great idea nè, if we could only find a way of generating electricity & maintaining what we have. But not these dumb cadres CyrilRamaphosa
We'll atleast electric cars are cheap so the middle & lower income people will have no problem buying one, especially considering how reliable eskom is.