https://en.sputniknews.africa/20250313/south-africa-to-allocate-5427-mln-to-boost-local-ev-production-national-treasury-says-1071060951.html
South Africa to Allocate $54.27 Mln to Boost Local EV Production, National Treasury Says
South Africa to Allocate $54.27 Mln to Boost Local EV Production, National Treasury Says
Sputnik Africa
South Africa's 2023 Electric Vehicles White Paper outlines the country's approach to transitioning the production and consumption to EVs while aligning with... 13.03.2025, Sputnik Africa
2025-03-13T11:26+0100
2025-03-13T11:26+0100
2025-03-13T11:26+0100
sub-saharan africa
south africa
economy
southern africa
energy
vehicle
production
development
investment
industry
https://cdn1.img.sputniknews.africa/img/07e9/03/0d/1071060587_0:200:3072:1928_1920x0_80_0_0_b089d9c44c614f01667d3c38125f609c.jpg
South Africa will allocate $54.27 million to boost local production of new energy vehicles, batteries, and related manufacturing, the National Treasury said.The industry expects government incentives will encourage investment in electric vehicle production, supporting South Africa's 2023 plan to transition its automotive industry to include electric vehicles by 2035. To further support the transition, the treasury plans a regional critical minerals strategy, crucial for EV batteries and solar panels. The $54.27 million will also support industrial development, incentivizing infrastructure investment in automotive and related sectors.These incentives aim to enhance local production, improve efficiency, and attract about $1.632 billion in private sector investment.
https://en.sputniknews.africa/20250309/south-africa-rejects-elon-musks-claim-on-starlink-ban-1071008119.html
south africa
southern africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
south africa, economy, southern africa, energy, vehicle, production, development, investment, industry
south africa, economy, southern africa, energy, vehicle, production, development, investment, industry
South Africa to Allocate $54.27 Mln to Boost Local EV Production, National Treasury Says
Ekaterina Shilova
Writer / Editor
South Africa's 2023 Electric Vehicles White Paper outlines the country's approach to transitioning the production and consumption to EVs while aligning with the ambitious objectives of growing the industry to 1% of global production and increasing local content from the current average of 40% to 60%.
