NEV sales up amid lower overall new vehicle sales

NEV (NEV) sales from 18 brands increased by 169.8% from a very low base of 1 228 units in the second quarter of last year to a decent 4 122 units by the end of the second quarter of this year, naamsa | the Automotive Business Council president Billy Tom has said. “We are definitely encouraged to see that NEV sales reached the 1% mark for the first time in 2023, comprising 1.45% of the total new vehicle market,” he said at ‘The Future of Auto Retailing in SA Thought Leadership Roundtable’, in Johannesburg, on August 23.