GreenCape revealed in itsthat 74% of those who responded to its EV price survey were only willing to pay between R200,000 and R500,000 for an electric car.
“All EV models currently in the SA market cost more than R450,000, which is out of reach of most SA vehicle buyers,” GreenCape noted. “These individuals purchase vehicles that cost between R150,000 and R350,000 and constitute a larger portion of the market than the high-income group,” it said.
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