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The electric car and its economic impact on SA

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The Tesla Model 3 is an electric four-door fastback sedan developed by Tesla.
The Tesla Model 3 is an electric four-door fastback sedan developed by Tesla.

Global focus on zero-emission vehicles is reshaping mobility. It is also changing the way carmakers operate and invest. And the trend towards electric vehicles in developed countries will reshape economies of developing markets like ours.

The issue for South Africa, which only manufactures cars with internal combustion engines, is that the markets for fuel-burning vehicles are shrinking rapidly. The green movement, accelerated by Covid-19, is speeding up.

In the UK and EU, regulation is moving rapidly towards the adoption of the electric vehicle. After 2030 the sale of cars as we know them will be banned in the UK.

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