Major car manufacturers Volkswagen and Isuzu Motors do not have immediate plans to make electric or hybrid vehicles in South Africa despite generous tax breaks the country introduced earlier this year. South Africa said in February that companies that invest in the production of electric vehicles EVs in the country would be able to claim a 150% tax deduction on these investments, beginning in 2026.
While Volkswagen and Isuzu don’t have plans for EV or hybrid vehicle manufacturing in South Africa, another major carmaker, Stellantis, is weighing the possibility of expanding its South African production into the new-energy vehicles NEVs, as EVs, plug-in hybrids, and traditional hybrids are known.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: