South Africa EVs

South Africa Introduces Tax Incentives to Encourage Local Production of Electric Vehicles

There are calls for wider incentives, including the reduction of import duties levied on EV imports, in South Africa. The automobile manufacturing sector is a critical pillar of South Africa’s economy. The country’s automotive industry contributes 5.3% to GDP (3.2% manufacturing and 2.1% retail). In 2023, the export of vehicles … [continued]