Naamsa | The Automotive Business Council has welcomed the announcementby Finance Minister Enoch Godongwana in his Budget Speech on Wednesday that government will offer financial support for the local automotive industry to expand from the production of internal combustion engine (ICE) vehicles to a manufacturing line-up that includes electric vehicles (EVs). However, while “that number is a good start, it will not be enough”, cautions Naamsa CEO Mikel Mabasa.
