The Current Ep 8 | Shifting gear: SA’s electric vehicle transition

Loading player...
Two in three cars sold globally will be electric by 2035, says the International Energy Agency. And in Europe - South Africa's largest automobile export market, one in four cars sold are already EVs. SA is way behind this adoption curve, but it's quickly picked up pace in the last two years.
In episode 8 of The Current, we look at what needs to be amped up for SA drivers to shift their mindsets and benefit from the cost and carbon savings of electric vehicles. Host, Iman Rappetti, is joined by Mark Raine, co-CEO of Mercedes-Benz South Africa; Ndia Magadagela, CEO of Everlectric and Investec's head of Sustainable Solutions, Melanie Humphries.
00:00: Intro
01:54: Meet the guests
03:03: Overview of electric vehicle landscape in South Africa
03:38: SA destined to be an electric vehicle market
05:17: Preferential financing of EVs
05:44: Bringing prices tags on EVs down
08:07: “Range anxiety” and number of charging stations in SA
10:43: Are EV’s really greener than ICE vehicles?
13:36: Recycling of EV’s batteries
15:48: B2B businesses – Leasing of electric vehicles
17:13: Leased EVs and their ESG credentials
18:12: The larger the electric vehicle, the more the cost saving
20:38: Evolution of EVs in public transport, like SA taxis
20:38: EV’s in public transport like SA taxis
21:35: Incorporating your EV battery into a home energy solution
22:27: Automotive manufacturing sector in SA must change to survive
23:47: Stimulating EV manufacturing in SA
25:30: The electric vehicles white paper lays out SA’s roadmap
26:18: Mercedes-Benz’s CEO predicts 10,000 EVs to be sold in 2027
27:35: Closing comments – The EVolution is here
4 Jun 2024 English South Africa Business · Investing

Other recent episodes

NOW Ep104: How South Africa can shift gears for growth

South Africa has spent more than a decade in economic drift – growing slower than its emerging market peers, losing investor confidence, and missing out on vital tax revenue. So, how do we get back on track? In this episode of No Ordinary Wednesday, Jeremy Maggs is joined by Cumesh…
8 Jul 24 min

Macro Monday Ep 78: The return of Liberation Day?

Wednesday is the day when US President Donald Trump’s Liberation Day tariffs are set to come into effect. There’s still some uncertainty about what will happen, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth and even a further postponement of the tariffs is a possibility.
7 Jul 7 min

Wine in Focus Ep 4 | The changing face of the wine industry

In this fourth episode, we spotlight two women winemakers whose award winning wines and youthful leadership style are transforming the traditionally male-dominated industry. Praisy Dlamini, CEO and winemaker at Adama Wines and Kiara Scott, head wine maker at Hazendal Wine Estate are not just making exceptional wines—they’re laying the groundwork…
30 Jun 29 min

Everything Counts | Ep 25: Building a wealth mindset

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702’s Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial well-being. In this episode, Motheo sits down with Itumeleng Merafe, head…
1 Jul 31 min

Macro Monday Ep 77: What a weaker dollar means

The US dollar has weakened against most global currencies, but remains strong against most, on a purchasing power parity basis. Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth argues that should the dollar weaken further, it could be good for emerging market equities and for commodities.
30 Jun 8 min