Patel says the country needs to step up production of electric vehicles to key export markets, the UK and EU, as these trade partners have set targets to reduce fossil fuel relying vehicles. "A reduction on ad valorem tax on electric vehicles can even out the selling price of these two technologies - internal combustion and electric vehicles." As for hybrid vehicles, Patel said Toyota SA plans its first production run this year - with the new hybrid corolla model to roll off the production line in November. In his address, Patel emphasised that energy production must be climate-friendly. Inclusive growthOther key objectives of the department this year include creating greater worker ownership in the economy.

Source: News 24 May 18, 2021 18:22 UTC