Slow progress on EVs is a bad omen for SA’s car market

SA risks losing the bulk of its automotive exports unless government implements policies to create an electric vehicle manufacturing industry, according to Nissan Motor Co’s Africa head.SA risks losing the bulk of its automotive exports unless government implements policies to create an electric vehicle manufacturing industry, according to Nissan Motor Co’s Africa head.

“A very large percentage of our exports as an industry go to Europe, and while Europe is moving aggressively to electric, we are not,” said Whitfield, who is also president of the African Association of Automotive Manufacturers.SA relies on the automotive industry for about 15% of its exports, and has lured major manufacturers such as Toyota Motor Corp and Volkswagen AG with a government incentive plan to set up local plants.

Consider what Elon Musk is doing, and how the country he left is holding back electric-vehicle manufacturing .

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South Africa risks losing its car business unless it goes electric: Nissan bossSouth Africa risks losing the bulk of its automotive exports unless the government implements policies to create an electric-vehicle manufacturing industry, according to Nissan Motor’s Africa head. 'goes electric' as in starts providing electricity? Because that's where ZA is with electric anything.
Herkunft: BusinessTechSA - 🏆 24. / 61 Weiterlesen »