The future mobility ecosystem will be completely disrupted by technological innovation.
Why South Africa can't afford to take a back seat
Environmental protection and climate change is at the forefront of many discussions globally, and understanding the future of mobility – the way in which people and goods are moved - is one aspect of this dialogue. It is now widely accepted that, by 2030, mobility will be dramatically different to what it is today. The introduction of EVs and AVs means that our day-to-day journeys will become cleaner, safer, cheaper and more productive.
As concerns surrounding climate change increases, companies and individuals alike are encouraged to understand the impact of their carbon footprint on the environment, and to take measures to mitigate the extent of this footprint. Up to now, South Africans have only experienced the environmental and health costs of pollution, while the costs of remedying, preventing or controlling pollution and environmental degradation are not taken into consideration when determining the final price of products or services.
The primary goal of the introduction of the carbon tax is to determine a cost associated with the environmental and health damages of excessive greenhouse gas ("GHG") emissions and to ensure that businesses and households take this price into account in their production, consumption and investment decisions. It is also intended to drive a change in the behaviour of corporates to encourage a move to cleaner technologies. Will the promulgation of the Carbon tax Act be enough to bring about the necessary environmental behavioural changes?
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SA is one of the world’s leading mineral-rich countries, possessing minerals and metals which will play a pivotal role in future of mobility. If there is a declining demand for catalytic converters in the future, where do we see our platinum industry fitting into the value chain? A potential opportunity lies in hydrogen fuel cell technology for electric vehicles.
With the global shift to a mobility ecosystem – which will ultimately change how people and goods move in the future – it is a critical time for SA to consider what role it will play in shaping the future of mobility, both domestically and globally. How does this impact the manufacturing sector? The short answer: In more ways than one.
With the proposed legislation changes and partnerships with private sector to create a favourable environment for mobility, it is evident that government is embracing e-mobility. Besides for boosting the economy and creating jobs, e-mobility will help government tackle a few issues.
There is growing consensus that there will be a decline of the number of vehicles on the road. This has mostly negative implications for providers of financial services with their current products, viz. asset finance. However, there are also opportunities to create appropriate products and services, especially with the availability of big data and the technologies to analyse them.