New technologies and the impact of the African Continental Free Trade Agreement on the auto sector formed part of discussions between Trade and Industry Minister Ebrahim Patel and top brass from the automotive industry.
The Minister met industry reps recently as part of efforts to stimulate job creation and deepen dialogue between government and the auto sector.
The Department of Trade and Industry (dti) on Sunday said the business delegation to the meeting consisted of the Chief Executive Officers of local vehicle manufacturers and the leadership of their association, the National Association of Automobile Manufacturers of South Africa (NAAMSA).
Patel stated government’s commitment to working in partnership with the industry in the implementation of the Automotive Masterplan 2035.
The masterplan’s objective is to increase local content sharply from 39% to 60%, double annual car-production to 1.4 million units, expand employment opportunities to 224 000 people and to enhance the local industry’s competitiveness.
NAAMSA represents 41 members within the automotive sector consisting of the local original equipment manufacturers; importers and distributors of passenger and light commercial vehicles and local and international assemblers and manufacturers of heavy commercial vehicles (trucks and buses).
In MyPE’s humble opinion: By 2035 the entire playing field will have drastically altered from what it is today. If South African automotive manufacturers do not embrace electric vehicle technology immediately we will be left manufacturing a product that no-one in the world wants or can afford.
The tipping point of wholesale adoption of electric vehicles is said to be 2025 – TEN years ahead implementation