Brazil's automotive sector is expected to receive approximately 100 billion reais (US$20 billion) in investment over the next few years. The figures were presented to the Vice President and Minister of Development, Industry, Trade and Services by representatives of the National Automobile Manufacturers Association (Enfavea). Gerald Alcumin.
A meeting was also held with Anfavea Chairman Marcio de Lima. During the event, the company's top official said the total investment in Brazil's auto industry would be higher than the $41.2 billion (US$83 billion) announced last week.
“We expect to see an investment of R$100 billion over the next few years, probably by 2028 or 2029.” Alcumin said.
He estimates that these investments will be record-setting and will allow for the construction of at least three or four plants.
“We already have facilities to produce electric buses and two more factories to produce electric vehicles will be built soon.” he added.
The minister recalled that the automotive sector stimulates a long chain of products that benefit all industries, from steel and glass to tires and auto parts, and “creates a lot of jobs.”
Mr. Alkmin said this investment was made possible by the National Green Mobility Innovation Program (Mover). Expanded domestic vehicle requirements and enabled vehicle decarbonization through tax incentives. This was reported by
Toda PalavraPartner of TV BRICS.
photograph:
I stock
