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Significance
The Brazilian market is large and, to date, has been highly concentrated on flex-fuel-powered passenger vehicles. However, there has been a recent sharp increase in the sales of hybrid and electric vehicles (EVs).
Impacts
The Mover programme highlights the government’s aim of driving the transition in the automotive sector.
Future automotive technology seems set to be divided between EVs and hybrid ethanol-powered vehicles.
Divisions between traditional and Chinese carmakers in Brazil mirror the escalating competition globally.
Keywords:
Brazil,
LA/C,
China,
economy,
industry,
automobile,
climate,
energy,
environment,
fiscal,
foreign investment,
investment,
pollution,
technology,
Automobiles
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2024
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