South Africa has proposed major changes to its automotive incentive scheme to provide greater support for electric vehicle EV battery production and critical minerals processing.
Trade, Industry and Competition Minister Parks Tau published draft amendments to the Automotive Production and Development Programme for public comment on Friday, Moneyweb reports .
The proposed changes would introduce higher production credits and customs rebates for battery manufacturers, while expanding the list of qualifying materials to include critical minerals processed in South Africa and neighbouring countries.
