A new report from AutoTrader shows that although interest in EVs is on the rise, they remain too expensive for mass adoption.
“The second-hand EV market is not as buoyant as the new market. It is still moving, but the cars are still too expensive,” Mienie said in an interview with TechCentral.introduced
a 150% rebate scheme for car makers from 2027. This is meant to encourage the local manufacturer of EVs and their components. But such schemes are mostly meant to stimulate the export market, especially to Europe, which is a major market for South African-made petrol- and diesel-powered cars. No such incentives exist to drive local consumer demand for EVs.Views of EV ads have grown on AutoTrader, as has the supply of EVs available to the second-hand market.
“The import duty on EVs in 25% whereas the base import duties on internal combustion vehicles is 18%. That 7% gap is not something the government is making massive amounts of tax on because there aren’t a lot of EV’s being imported. So why not drop the 25% to 18% and make the difference up in volume?” asked Minnie. –The work we do at TechCentral is made possible through the support of our commercial partners.
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