The SA motor industry could lose 80% of its exports and shed more than half of its jobs if it doesn’t begin manufacturing electric vehicles soon, National Association of Automobile Manufacturers of SA CEO Mike Mabasa said on Wednesday.
The industry exports 64% of its vehicle production, most of it to countries that have announced timetables to prohibit the sale of petrol and diesel vehicles.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.