South Africa’s automotive industry expects that Covid-19 will continue to have significant impacts on the economy and the industry in 2022. Growth will be impacted on by upward movement in interest rates and fuel prices, particularly for passenger car sales, more so than for commercial vehicles. However, the industry is poised for any opportunities that may arise as businesses adapt to a changing environment. Creamer Media’s “Automotive 2022: The road to EVs” report examines South Africa’s automotive industry in this context, unpacking the country’s vehicle sales, manufacturing and investment by the country’s original-equipment manufacturers and components industry, as well as the regulatory environment. It also explores the shift from internal combustion engines to electric vehicles, as it becomes increasingly necessary to decarbonise and mitigate against climate change.
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