Watch Live


Brazil May Provide Incentives for Electric Vehicles, Folha Says

Brazil may include electric and hybrid vehicles in the second phase of an incentive program to encourage automakers to manufacture them in the country, according to an article in Folha de S. Paulo citing Heloisa Menezes, secretary of development and production at the Ministry of Development, Industry and Foreign Trade.

The vehicles weren’t included in the first phase of the Inovar-Auto program. The government will consider waiving certain taxes for companies that produce the vehicles in Brazil, the Sao Paulo-based newspaper reported today.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.