Toyota SA CEO Warns NEV Delay Could Harm Auto Industry

Summary

Andrew Kirby, the CEO of Toyota South Africa, has emphasized the urgent need for clear policies on new energy vehicles (NEVs) to protect South Africa's motoring industry. He warns that without timely government support and regulation, the country risks losing its position in the global automotive market. NEVs, which include electric and hybrid vehicles, represent the future of transportation. Many countries are already creating policies to support their development and adoption. Kirby stresses that South Africa must act quickly to attract investment, build local manufacturing capacity, and create jobs in this growing sector. Failure to do so could lead to job losses and economic decline in the automotive industry. South Africa's motoring industry is an important part of the economy, and adapting to green vehicle technology is essential for its survival and growth. The government, industry players, and stakeholders must work together to develop a clear strategy for new energy vehicles.