The Wheels of the Future are Turning Quickly

The graphic above indicates a clear and aggressive strategy by the majority of automakers to ramp up the release of new electric vehicles. In 2021 alone, all but one auto manufacturer released new electric vehicles and this trend is expected to continue into 2022 and rapidly beyond. The driving force behind this trend is the global climate agreements that governments throughout the world have signed up to in a bid to reduce and hopefully eradicate carbon emissions from being released into the environment.

It is therefore no surprise that the EU has banned ICE engines from 2035 and the UK from 2030. Since SA exports 80% of its ICE vehicles to this region it then becomes a matter of averting economic extinction by transitioning rapidly to Evs.