Tag: Wuling
South Africa Introduces Tax Incentives to Encourage Local Production of Electric Vehicles
There are calls for wider incentives, including the reduction of import duties levied on EV imports, in South Africa. The automobile manufacturing sector is a critical pillar of South Africa’s economy. The country’s automotive industry contributes 5.3% to GDP (3.2% manufacturing and 2.1% retail). In 2023, the export of vehicles … [continued]
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South Africa’s ICE Vehicle Exports Decline by 23% In 2024
Growing competition from EVs in key markets cited as one of the reasons for sharp decline. Six years ago, I wrote an article on how South Africa could miss out on the massive opportunities from the EV transition if the country did not act fast enough. That’s because the auto … [continued]
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November Global EV Sales — Automakers
Geely is Rising Following up on our latest report on the top selling electric vehicle models in the world, here’s a broader look at the top selling auto brands and auto groups/OEMs. Top Selling Auto Brands In November, #1 BYD, deep into pricing out the competition (fossil fueled and electric…) … [continued]
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November Global EV Sales — Models
Plugin Vehicles Grew to a Record 1.84 Million Units in November! Global plugin vehicle registrations were up 32% in November 2024 compared to November 2023. There were 1.84 million registrations, which is a new record month, the 3rd in a row. BEVs were up by 22% YoY (year over year), … [continued]
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