SA AUTO WEEK: Ramaphosa hints at tax rebates, subsidies and incentives for electric vehicle production in SA
Naamsa | the Automotive Business Council and car manufacturers have welcomed President Cyril Ramaphosa’s comments on positioning South Africa as a leading electrical vehicle manufacturing hub. On Thursday, Ramaphosa addressed the SA Auto Week in Cape Town, where he acknowledged the sector’s contribution to the economy and the challenges it faced. The President said the government plans to incentivise new energy vehicle production in South Africa to make them more affordable, but offered...