According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), over the last year, 387,125 vehicles worth R148 billion, along with R53.7 billion worth of automotive components, were exported from South Africa to 151 countries.
The international trend toward electric vehicles (EVs) is growing with NAAMSA expecting that 40% of all European vehicle sales will be EVs by 2030.
“It is clear that we cannot ignore EVs if we want to continue doing business with Europe. It will have a huge impact on the country if we lose R201 billion in export earnings a year,” said NAAMSA .
President Cyril Ramaphosa recently green-lit the Just Transition Framework, which, under the Presidential Climate Commission, sets out policy measures and undertakings by different social partners to minimise the social and economic impacts of the shift away from fossil fuels.
