Over-taxation in automotive market will undermine BEV adoption in South Africa
- July 17, 2024
- Infrastructure
- 0 Comments
South Africa’s automative market is going to struggle to transition to battery electric vehicles (BEVs), specifically because of the country’s “peculiar” automotive market structure, which Toyota Wessels Institute for Manufacturing Studies manufacturing ambassador Professor Justin Barnes has said needs to be corrected. “We actually have a huge problem in South Africa in relation to how our market functions,” he said during a webinar hosted by Creamer Media on July 17, where various automotive industry experts discussed the current state and future prospects of the country’s automotive industry.
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