Electric car production to be ramped up
Government has reprioritised almost R1 billion to facilitate SA’s transition to electric vehicles. Image: Pexels

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Watch: Electric car production to be ramped up

Watch the full version of the ‘Government has also reprioritised R964 million over the medium term to facilitate this transition to electric cars’ in a minute.

21-02-24 22:27
Electric car production to be ramped up
Government has reprioritised almost R1 billion to facilitate SA’s transition to electric vehicles. Image: Pexels

Watch the full version of the “Budget Speech 2024: Electric car production to be ramped up” article – in a minute.

CLICK HERE TO READ THE FULL ARTICLE: Budget Speech 2024: Electric car production to be ramped up

During his 2024 Budget Speech, Godongwana admitted that load shedding is disrupting production, operations and livelihoods in South Africa.

As such, he assured the nation that reforming the energy sector will result in long-term energy security. “We took the necessary decisions in the past five years and these are bearing fruit,” he said.

To promote investments in renewable energy, Treasury’s budget proposes a limit increase for renewable energy projects.

NEWS IN A MINUTE2024 BUDGET SPEECH: ELECTRIC CAR PRODUCTION

ALSO WATCH: Watch Budget 2024: Godongwana grants R848 billion for health services

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