SA automobile industry bodies express concern at the lack of urgency of government’s R964 million electric vehicle budget allocation, set to be rolled out in 2026.
The auto industry welcomes government’s plans to reprioritise funds for the new energy vehicle sector, but bemoans lack of detail and postponement of policy pronouncements.
South Africa’s transition to new energy vehicles will displace many automotive employees, with around 67% of local component exports expected to be lost in the process.