Government intends to introduce tax and expenditure measures to boost electric vehicle production in South Africa.
Lameez Omarjee/News24
Government plans to introduce tax measures to boost the production of electric vehicles in South Africa, likely from 2026.
“In automotives – a major export and source of employment – the transition to New Energy Vehicles poses an existential threat to South African vehicle production,” Finance Minister Enoch Godongwana said when tabling the medium-term budget in Parliament on Wednesday.
“As such, the government plans to implement tax and expenditure measures to support the automotive sector during this transition,” he added.
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