South Africa Faces Race in EV Era
South Africa risks losing vehicle production to Asian rivals as global automakers shift to electric vehicles. Executives warn that infrastructure challenges and rising costs threaten competitiveness despite new government tax incentives.
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Xurve View
South Africa risks losing future vehicle production to Asian competitors as global automakers select manufacturing sites for electric vehicles, despite a new 150% tax incentive. The automotive sector contributes 23.8% of the nation's manufacturing output and directly employs 113,000 workers. Industry leaders warn that infrastructure gaps and the absence of consumer subsidies threaten export competitiveness.
