Aerial view of one of Zero Carbon Charge’s off-grid charging stations in South Africa. Image courtesy of Zero Carbon Charge.
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South Africa’s electric vehicle market has reached a pivotal moment, with commercial fleets proving substantial economic advantages and consumer interest surging, according to industry leaders speaking at a webinar hosted by energy analyst Chris Yelland.
Industry leaders recently participated in a webinar titled “State of the Electric Vehicle Industry in South Africa” to share insights on the state of the sector. The timing of the webinar could not be any better in terms of raising awareness, as the economic case for electric mobility has strengthened significantly following the recent fuel price shock in South Africa and in many countries around the world. The price of diesel surged to R32 per litre and petrol exceeded R27 per litre in the wake of the Iran crisis and Strait of Hormuz disruptions. Against this backdrop, industry leaders showed the market is moving from early interest to actual implementation, backed by proven economics and expanding infrastructure.
One of the speakers, Hiten Parmar, outlined the policy landscape shaping South Africa’s transition. “South Africa’s market is open for investment in zero emission vehicles,” he said. The recently implemented Section 12V of the Income Tax Act allows vehicle manufacturers to claim a 150% tax deduction on capital investments in assets used to produce battery-electric or hydrogen-powered vehicles. This incentive signals government support and aligns South Africa with international competitiveness.
