Electrifying future: The BMW iX xDrive40. The EV tax incentives under Budget 2022 will also encourage further infrastructure and ecosystem development, according de Visser.
WHILE the automotive industry has welcomed the proposed tax incentives for EVs (electric vehicles) under Budget 2022, the sector’s stakeholders and analysts do not expect EV sales to kick off in a big way just yet.
This is because there are issues such as EV production costs, the development of electric charging infrastructure and upskilling of after-sales support know-how to be addressed.
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