in publication of a supporting policy for the development of South Africa’s electric vehicle industry.
“While we are disappointed that the minister has decided to kick the NEV policy announcement can down to February next year, Naamsa is pleased to hear that national treasury plans to implement tax and expenditure measures to support the industry’s transition to NEVs,” said Naamsa CEO Mikel Mabasa in a statement.
Given South Africa’s endowment in NEV metals such as manganese, cobalt and nickel, the automotive industry sees these continuous delays as the closing of a window of opportunity for South Africa to develop competitive mineral beneficiation and battery manufacturing industries.“South Africa has procrastinated far too long.
Source: News Formal (newsformal.com)
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