South Africa Introduces Tax Incentives to Encourage Local Production of Electric Vehicles
Credit to Author: Remeredzai Joseph Kuhudzai| Date: Thu, 09 Jan 2025 23:38:21 +0000
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]
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