The Power Table: Electric Vehicles: Welcome to the future
Joining CNBC Africa for this discussion are Mark Raine, CEO, Mercedes Benz South Africa, Martina Biene, CEO, Volkswagen of South Africa, Renai Moothilal, CEO, NAACAM.
Wed, 05 Jul 2023 13:48:13 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Increased availability of EV models in response to rising fuel prices has driven demand and diversified the market.
- Industry leaders emphasize the importance of policy support, investment commitments, and consumer education to accelerate the adoption of EVs.
- The potential economic benefits of embracing EV manufacturing and developing a local market for battery electric vehicles are significant.
The conversation around electric vehicles (EVs) in South Africa is gaining momentum as the country looks towards a sustainable future. The Power Table discussion on CNBC Africa brought together key industry leaders to shed light on the current landscape of EVs in the country. Mark Rain, CEO of Mercedes-Benz South Africa, Martina Bean, CEO of Volkswagen South Africa, and Renai Muthilal, CEO of NAACAM, shared their insights on the opportunities and challenges facing the EV market in South Africa. The discussion touched upon consumer sentiment, investment commitments, policy support, and the potential economic impact of transitioning to EVs. With increasing awareness around climate change and the need to reduce emissions, the shift towards electric mobility is becoming more crucial. The panelists highlighted the need for a clear policy framework to incentivize the adoption of EVs and build a robust market for electric mobility.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
