Sustainable Mobility Market Analysis and Opportunity Report
Jul 4, 2022
GreenCape, in partnership with the Atlantis Special Economic Zone for green technologes (ASEZ) and the City of Cape Town, has published a report titled: Sustainable Mobility Market Analysis and Opportunity Report.
The vision of the ASEZ is to become a hub for the manufacturing of green technologies with a special emphasis on the emerging electric vehicle industry.
The Western Cape has traditionally not had an automotive assembly industry of the scale that currently exists in Gauteng, the Eastern Cape and KwaZulu-Natal.
In order to attract EV manufacturers, the ASEZ requires the implementation of innovative policies, tax and other financial incentives and investment in the required infrastructure.
As South Africa moves towards a Just Energy Transition, where greater investments in clean, renewable energy will replace traditional coal power plants, there is an opportunity to also transition the mobility sector from a reliance on the Internal Combustion Engine (ICE) vehicle to zero-emission electric alternatives.
This report unpacks key opportunities in the electic vehicles sector and highlights suggested recommendations for the ASEZ to attract investors and manufcaturers from the electric vehicles sector.
To read the full report, click here.