Automotive Trends

Suben Moodley, Vice President for the Corporate Services at Toyota South Africa, spoke at the KwaZulu-Natal Investment Conference in Durban, he urged investors, corporate managers and government officials alike to consider moving the country to adapt to the global shift toward new energy vehicles (NEVs). Moodley stressed that South Africa must act decisively to secure […]

Electric vehicles (EVs) have been hailed as the future of the automotive industry, promising a cleaner and more sustainable mode of transportation. However, recent developments in the market have raised concerns about the slowing demand for EVs. High interest rates, global economic uncertainty, and falling raw material prices are all contributing factors to this shift