When considering fuel-saving metrics, it will take drivers a couple of years to claw back their investment in hybrid or electric vehicles.
Although outgoing Trade and Industry Minister Ebrahim Patel said that there will be tax reductions on investments in the local production of electric and hydrogen-powered vehicles, this is primarily for exports and not South Africa’s own market With the costs of hybrids and electrics still far above their ICE, the fuel-saving benefit becomes the most important factor when comparing costs.
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