Nissan SA’s Rabotho on opportunities for Africa in the electric vehicle market
CNBC Africa’s Godfrey Mutizwa spoke with Kabelo Rabotho, Country Director at Nissan South Africa on the outlook for Africa’s automotive industry as the world transition to electric vehicles.
Wed, 26 Oct 2022 11:54:42 GMT
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AI Generated Summary
- Industry players discussed challenges and opportunities in the automotive sector during a recent conference in South Africa.
- The shift towards electric vehicles presents a chance for Africa to leverage its mineral resources and drive industrialization.
- Collaboration between stakeholders and policymakers is vital to support the growth of the electric vehicle market in Africa.
In a recent conference hosted by the South African Potouille and organized by the National Association of Automobile Manufacturers of South Africa (Namso), industry players gathered to discuss the future of the automotive sector in the continent. Among the key topics discussed were the challenges faced by the industry, the need for investment in new technologies, and the opportunities presented by the shift towards electric vehicles. Kabelo Rabotho, Country Director at Nissan South Africa, highlighted the importance of staying relevant in the global automotive market, particularly as countries like South Africa serve as major exporters of vehicles to Europe and other parts of the world. With the future of internal combustion engines uncertain, the industry is looking to embrace new energy vehicles and seek government support in this transition. Rabotho emphasized the significance of developing infrastructure, promoting industrialization, and tapping into Africa's rich mineral resources to drive the growth of the electric vehicle industry on the continent. The conference also saw participation from government officials, financial institutions, and social partners, signaling a collaborative effort to shape the future of the automotive sector in Africa. As the continent holds a vast reserve of minerals essential for electric vehicle production, there is a growing need to leverage these resources and establish a sustainable value chain that benefits local economies. Discussions around beneficiation and the development of manufacturing capabilities were key highlights of the conference, with a focus on maximizing the value derived from Africa's raw materials. The Association of African Auto Manufacturers is actively engaging with governments across the continent to promote industrialization and create a conducive environment for automotive investments. The African Continental Free Trade Agreement presents an opportunity to enhance regional cooperation and set common goals for the automotive industry, including rules of origin that support local manufacturing and value addition. As the continent gears up for a shift towards electric vehicles, collaboration between industry stakeholders and policymakers is crucial to drive innovation, foster economic growth, and ensure the sustainability of the automotive sector in Africa.