Hyperdrive
Brazil Launches Mobility Program With $4 Billion in Incentives
- Automotive sector will have new sustainability goals
- Government wants local production of new technologies
Customers wait in line to refuel vehicles at a gas station in Sao Paulo, Brazil.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
The Brazilian government has published a provisional measure establishing new guidelines for the local automotive sector, including fleet sustainability requirements and incentives for the production of new technologies.
Called “Mover”, the national Green Mobility and Innovation program replaces the old Rota 2030 program, which expires Sunday. The program will promote the expansion of investments in energy efficiency, include minimum recycling limits in vehicle manufacturing and charge less tax to those who pollute less, creating the Green IPI ttax, according to a statement on Saturday from the Development, Industry, Commerce and Services Ministry.