Headline Target: No country wide bans or targets

Car Manufacturing Country: General Motors (Chevrolet), Volkswagen, Fiat, Stellantis, Toyota Motors, Great Wall Motors Co Ltd

Purchase Incentives for Cars: Exempt from the industrialised products tax and the tax on circulation of goods and services, reductions in import tax gradually declining until 2026.

Supplier Regulation Policy: Emissions performance standard (sporadically tightened CO2 regime)

Infrastructure Incentives: Tax incentives for companies investing in decarbonisation.

A small growth, from an almost standing start, was promising at the start of 2024, however EVs remain a tiny portion of the new car market. 

However this growth may have been curtailed due to the wrapping up of incentives. EVs were exempt from paying import tax, usually set at 35% of the value of the vehicle. Instead the rate will increase gradually over 3 years to the same level as ICE vehicles. 

This has been lobbied for due to the influx of Chinese EVs. With the phaseout of this incentive, Brazil will have no demand or supply side policies to attract EVs to its shores. The country also does not allow the import of used vehicles, meaning that EVs can only enter the country through the new car market.