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How SA missed the chance to launch its home-grown electric vehicle | SA News

South Africa missed an opportunity to get ahead in the global electric vehicle (EV) race when the technology was in its infancy. The government pulled the plug and stopped financing the Joule EV project.

Gerhard Swart, one of the four founders and initial shareholders of Optimal Energy, developers of the Joule, said the 2008 global financial crisis scuppered advanced plans to obtain funding from a consortium of French banks.

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