Incentives for electric vehicles unlikely soon, says Volvo MD Greg Maruszewski

Taxing the poor so the rich can drive expensive electric vehicles may be a step too far for the government in SA’s economic climate, Volvo Car SA MD Greg Maruszewski said last week.

Despite an urgent need to encourage the local sale of EVs, he said, the government might find it hard to justify setting aside billions of rand to incentivise the purchase price of vehicles that, in the short term at least, would be bought by those who are better off...

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