They’re dirty and soon no one will want them. Traditional internal combustion engines are being phased out in South Africa’s biggest markets — Britain and the EU — and if the local automotive sector does not switch gears from ICE production to new energy vehicles , it might as well close up shop.
On 18 May 2021, the Department of Trade, Industry and Competition published the Green Paper on Advancement of New Energy Vehicles, after extensive industry consultations and with an undertaking to issue a White Paper by the end of the year. Patel, as reported in Engineering News this week, insists the NEV roadmap is taking shape and will be led by production rather than consumption.
There is a huge tax burden on all new vehicles produced in South Africa — in total, the Treasury lumps 42% in taxes on every vehicle sold, including 15% VAT, ad valorem tax and carbon emissions taxes. Smythe says most manufacturers have already invested in new plants, with other plants coming remarkably close to ending their tenure and being at risk if they fail to switch quickly.
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