SA motor industry could lose 80% of exports if it doesn’t start making electric vehicles

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Naamsa CEO Mike Mabasa predicts SA industry will face collapse in exports by 2040 amid global shift away from petrol and diesel vehicles

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines