South Africa has taken a step to support its crucial export industry with the announcement of a major tax break for investments in electric and hydrogen-powered vehicle production. South Africa has announced a major tax break for investments in electric and hydrogen-powered vehicle production.The new measure allows for a 150% tax deduction on investments.The incentive aims to sustain the automobile industry, which contributed over 400 billion rand ($21 billion) in exports last year.According to Bloomberg, the new measure, announced in Wednesday’s budget, allows for a 150% tax deduction on inve…