Patel gives EV manufacturers the green light in South Africa

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Trade and Industry Minister Ebrahim Patel says electric vehicle carmakers can start setting up shop in South Africa.

South Africa expects efforts to boost its electric vehicle manufacturing to yield swift results as manufacturers start to take advantage of tax incentives from early 2026.A carmaker can commence immediately to put in place the production capabilities and production systems

South Africa, in an effort to preserve a key export industry, last month announced a 150% tax deduction on investments in the local production of electric and hydrogen-powered vehicles from March 2026.But car companies were worried about the lack of government support for EVs amid shrinking demand for conventional petrol and diesel-powered engines in Europe, South Africa’s primary export market.

“As they incur that expense off the back of our incentive, they know they will be reimbursed,” he said.

Source: News Formal (newsformal.com)

 

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