Volkswagen and Isuzu Chill South Africa’s EV Ambitions

Major car manufacturers Volkswagen and Isuzu Motors do not have immediate plans to make electric or hybrid vehicles in South Africa despite generous tax breaks the country introduced earlier this year. South Africa said in February that companies that invest in the production of electric vehicles (EVs) in the country would be able to claim a 150% tax deduction on these investments, beginning in 2026. The country aims to attract EV manufacturing and incentivize its EV and hydrogen industries, which are relatively small and underdeveloped. …