South Africa risks being left behind as the rest of the world moves to electric vehicles, but the introduction of grants and other incentives could improve adoption, says the Trade & Industrial Policy Strategies (TIPS) group.
South Africa risks being left behind as the rest of the world moves to electric vehicles – but the introduction of grants and other incentives could improve adoption, says the Trade & Industrial Policy Strategies TIPS is an independent, non-profit, economic research institution established in 1996 to support economic policy development.
To address this divide, the group said a dual strategy is necessary to foster the overall uptake of EVs as well as incentivising an inclusive rollout that benefits all in South Africa’s society. “This level of support can bridge the gap between electric and petrol-fuelled cars for the first two quintiles of the market,” it said.
Second, the strategy should foster the introduction of electric vehicles in public transport, it said.
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