In an effort to curb greenhouse gas emissions, a report compiled by the City of Cape Town’s Department of Enterprise and Investment along with GreenCape conveys insights about the electric vehicle value chain and ecosystem.
The report, The Electric Vehicle Ecosystem and Associated Value Chains, further explores the South African associated value chain for electric vehicles and the role the City can play within this ecosystem.
The transport sector has been identified as a key contributor to global greenhouse gas (GHG) emissions because of its reliance on fossil fuels. Of global greenhouse gas emissions, 15% can be attributed to the transport sector.
There is now a global consensus that the climate targets that have been set, particularly for the automotive sector by 2030, cannot be met without EVs being incorporated into the transport system. Internal combustion engine (ICE) improvements alone are insufficient to achieve these targets.
A variety of key players are competing to shape the nascent South African EV market, drawn from both the public and private sectors. The private actors are, however, currently more active, and dominant in the build-up of this ecosystem and its operation. The exact dynamics of the industry are still emerging, and the timing of key tipping points remain largely unknown.
Click on the link below for full report