The National Association of Automobile Manufacturers of South Africa’s quarterly review for Q1 2024 shows a significant increase in new energy vehicle sales compared to the same period the year before.
Moreover, total NEV sales during the year’s first quarter equal nearly 40% of all NEV sales during the entirety of 2023. “ is a crucial step in attracting investments, fostering innovation, and enhancing the growth of the sector within South Africa,” said Naamsa. “This will allow producers to claim 150% of qualifying investment spending on electric and hydrogen-powered vehicles within the first year,” said Godongwana.
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