Time is running out and SA should align its automotive policy with the global shift to EVs as the stakes are extremely highSA’s automotive industry is constantly held up as a shining example of what smart policy can achieve in other sectors, such as mining. It has attracted billions of investments and created tens of thousands of jobs. It has also boosted our exports and supported much downstream activity.
associated with the product that is being imported into the EU — an alarming development for local exporters who use carbon-heavy Eskom power. These developments should spur SA to align its automotive policy with the global shift to EVs. The stakes could not be higher: employs more than 30,000 people directly, and exports R200bn-plus worth of products. Add adjacent support industries such as finance, logistics and insurance, and the numbers are staggeringly high. Neale Hill warned against complacency, telling an industry conference that those who thought multinational companies such as Ford are so embedded in SA that they will not leave could be in for a rude awakening.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Motor industry at wits’ end with state’s lack of voomah on EVsLoad-shedding and SA ports and railways chaos are talking points in boardrooms of multinational parent companies
Source: BDliveSA - 🏆 12. / 63 Read more »