| #WeAreNAACAM: NAACAM CEO, Renai Moothilal, was interviewed on 702/Cape Talk Radio’s The Money Show regarding the Department of Trade, Industry and Competition’s (the dtic) proposal for Electric Vehicle (EV) battery incentives to boost manufacturing. The draft amendments to the Automotive Production and Development Programme (APDP 2) introduce the following changes for EV battery manufacturing: 1. Expansion of the standard materials list to include additional materials relevant to EV battery manufacturing 2. Recognition of materials originating from within SACU and SADC as local, 3. Increased standard value added to 50% of the value of the standard material. As highlighted by Renai, the latest draft proposals build on the foundation laid by the government’s EV White Paper and demonstrate that implementation is steadily taking shape through targeted industrial policy interventions. “Two years ago, we saw an additional cash incentive for NEV components, and commencing March 2026, the government introduced the 150% accelerated depreciation allowance for electric vehicle production. What we are now seeing is another positive step in that direction.” The amendments will help create opportunities to localise some of the highest-value technologies in the evolving mobility ecosystem. Importantly, the policy reforms also reinforce the role that South Africa and the broader SACU region can play in regional industrialisation leveraging the region’s mineral advantages to attract investment, technology partnerships, and deeper manufacturing capability. The discussion explores the implications for localisation, industrial competitiveness and South Africa’s role in the future mobility value chain. Listen to the interview here: |
