Financial & Tax Incentives for PSVs and Commercial Transporters to Convert to Electric Vehicles

• Provide financial and tax incentives for public service vehicles and commercial transporters to convert to electric vehicles.

January 2023 – The National Treasury developed a Green Fiscal Incentives Policy Framework that would result in fully electric-powered motor vehicles facing only a 10% duty charge.

February 2023 – The National Treasury has reduced excise duty on electric motor vehicles to 10 per cent to promote the uptake of the cars. According to the Financial Year 2022/2023 Supplementary Estimates No. 1, the reduction only applies to motor vehicles that are 100 per cent electric.