It is evident that the global automotive industry recognises that the transition to New Energy Vehicles (NEVs) goes beyond simply substituting traditional internal combustion engines (ICE) with recent technologies. The automotive industry has other, far-reaching responsibilities in contributing to the global goal of achieving overall carbon neutrality by 2050.
WesBank, RMB and FNB partnered with naamsa I The Automotive Business Council to host a thought leadership roundtable recently where industry experts and key government policymakers addressed the key challenges and benefits to drive the transition to NEVs. This was in terms of what the future holds for this important and valuable manufacturing sub-sector of the South African economy.
“We are heartened to hear that the Minister of Trade, Industry, and Competiition, Ebrahim Patel, who wasn’t able to attend the conference, announced that his department would finalise its EV strategy for the country by the end of the…
