Santiago Chamorrothe president General Motors (GM) South Americastated that the permanence of import tax exemption (II) will be needed for the electric vehicle segment of the domestic market. The intention, according to Chamorro, is to encourage technology development on the rise until Brazilian manufacturing stabilizes. GM is expected to eventually start producing electric vehicles in Brazil if the necessary scale is created.

A few days ago the President anfaway (National Association of Automobile Manufacturers), Marcio de Lima Leite, advocated the end of the tax exemption: the intention is to benefit national production. This topic is being discussed with the federal government. In the case of imported internal combustion vehicles, a tariff of 35% applies.

(Loans: myenergy/Unsplash)

GM Thinks Tax Raise Will ‘Close the Border to New Technologies’

The GM president added to his reasoning and stated:it would be to close the border for new technologies at a time when it is necessary to stimulate their promotion“.

The businessman believes that Brazil needs a reindustrialization policy to establish the local production of electric vehicles, as well as support the consumption of these products.

And last but not least: General Motors advocates for the country to move quickly to national production of electric vehicles without the need for a long transition to ethanol-fueled hybrid models. “Electric is categorically better than hybridChamorro concluded. Benefits for the environment and for the plans of the world zero emission are also considered.

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Federal government and Anfavea discuss possible taxation of electric vehicle imports
The proposal has not yet been approved and there is no timeline for its implementation.

Source: Estadão

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