Vehicle manufacturers can start taking advantage of tax incentives from early 2026, which could see rapid enhancements in electric vehicle (EV) production in South Africa. 

Trade and Industry Minister Ebrahim Patel addressed the press earlier this week at the Black Industrialists and Exporters Conference in Pretoria. A 150% tax deduction on investment in local EV and hydrogen-powered vehicle production was proposed last month.

But South Africa’s entry into the EV production market may be too late. Dawie Roodt, Economist at The Efficient Group, discussed the implications of the announcement on The Money Show with Bruce Whitfield. Click here to listen to the podcast episode.