Mayor of the City of Sao Paulo, Ricardo Nunezannounced a novelty to please the owners of electric vehicles in the region: a loan in the amount of BRL 3,292.91 make a discount with property tax. The move is part of an incentive package for Brazilians to stick to 100% electric vehicles, a practice that is gaining momentum around the world with some countries planning measures to make cars fully compliant with this standard by mid-2035.

Among other benefits, we highlight the exemption from rotation and 50% reduction in IPVA. The news was shared on opening of the 17th Electric Mobility Exhibition, what happened last weekend in the city. At the event approx. 10 thousand visitors went to the place. Among major brands, only traditional Toyota was present demonstrating Mirai (meaning “future” in Japanese), a car optimized using a hydrogen fuel cell and an electric motor. On other days Lexus UXa plug-in hybrid.

Another model is expected to be announced in the coming months. flexible hybridwhich many consider Yaris – has not yet been confirmed by official representatives. The automaker is strategizing that all models produced in Brazil (and even imported ones) have at least one hybrid variation. Although many authorities are betting on 100% electric versions, at the moment It’s still a limited product.

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The transition to 100% electric vehicles depends on government incentives and private sector infrastructure.

Antonio Calcagnoto, acting president ABWE (Brazilian Association of Electric Vehicles), states: “Biofuels such as ethanol in hybrid applications will be the gateway to all-electric vehicles in Brazil.“.

The speed of transition sought by some countries remains tied to government action and private sector investment, as calcagnot.

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Source: UOL, Latin American Electric Vehicle.

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