Exports of Mercedes-Benz from South Africa to Europe are in jeopardy due to the transition toward EVs globally
Mercedes-Benz, a luxury automaker, now exports 90% of all South African output to the European market, which intends to stop buying new gasoline and diesel cars by 2035.This scenario could cause the country's automotive industry's worldwide competitiveness to diminish since three-quarters of the country's car manufacturing is exported. Mark Raine, co-CEO of the local Mercedes-Benz division, emphasized the necessity for South Africa to quickly execute regulatory changes that encourage the use of electric cars (EVs). The policy paper on electric vehicles (EVs) for South Africa is now two years behind schedule.Although it has been promised to be published later this year, the government's decision to postpone it raises questions about how ready the nation is to accept the electric vehicle revolution.
© Copyright 2021, All Rights Reserved