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South Africa needs electric vehicle policy within six months, says Ford


Ford Motor Co’s Africa head said the South African government must deliver policy certainty on electric vehicles (EVs) within six months to save the country’s auto industry. Three-quarters of the cars produced by South Africa’s auto industry, which accounts for 5% of gross domestic product and more than 100,000 jobs, are exported, mainly to Europe.

Via:
Reuters

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Update on:
November 21, 2022, 10:03 am

Profile photo of an electric vehicle being charged for illustrative purposes only (REUTERS)
Profile photo of an electric vehicle being charged is for illustrative purposes only (REUTERS)

But with Britain planning to ban the sale of new petrol and diesel cars from 2030 and the European Union by 2035, the local industry risks losing thousands of jobs and billions in revenue if it doesn’t. There is a government plan for electric vehicles. Neale Hill, President of Ford Motor Company in Africa, told Reuters in an interview on Friday.

Also read: Chinese carmakers target more sales in Europe with five-star electric vehicles

South Africa’s ministry of commerce and industry did not give a timeline for the electric vehicle policy but told Reuters in August that “the government is looking for ways and means to tackle the electric vehicle problem in order to address the economic and environmental problems of the country”.

The set was not immediately available for comment.

The government issued the Automotive Master Plan in 2018 to help local manufacturers achieve 1% of global production, increase the use of local materials from 39% to 60% and increase employment. do, along with other goals. It does not include any electric vehicle policies.

Hill, who is also the NAAMSA President of the South African carmakers lobbying organization, said auto companies want the government to clarify which parts of the master plan are still being supported.

Ford in March increased spending on electric vehicles by $50 billion through 2026 as the Dearborn, Michigan-based company tries to catch up with the German market. volkswagen and industry leaders Tesla.

It takes an automaker about four years for an investment decision to translate into actual funding for a plant, Hill said, adding that global auto companies have already made decisions. such and South Africa is not among them.

“I am concerned that the delay and indifference of the (South African) government on this matter will cost us by having a seat at the negotiating table,” he said.

First published date: 10:01 AM IST November 21, 2022

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