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Fuel price shock exposes South Africa’s slow shift to EVs | SA News

The imminent steep jump in fuel prices this week exposes how South Africa has been slow to drive demand and sales for electric vehicles (EVs).

This leaves millions of consumers vulnerable to soaring transport costs in the coming months as the war in the Middle East pushes oil prices sky-high.

On Wednesday, the price of 95-grade petrol is set to soar by R5.82 a litre — by far the biggest month-on-month increase yet.

Barring government intervention to cushion the blow, Gauteng 95-grade petrol will cost R26.12/l from R20.30. Worse, the wholesale price of diesel is set to go up by a staggering R10/l.

“You need an example like the [conflict] in the Middle East now to remind you of how…

Unemployment: The country has a relatively high unemployment rate, particularly
among youth, leading to social and economic challenges.

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