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[BUSINESS] · Brazil · 47 sources

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Move Brasil increases vehicle financing limit to R$ 200,000

The Brazilian government has increased the financing limit for the Move Brasil program, which supports taxi and ride-hailing drivers. A joint ordinance from the Ministries of Development, Industry, Commerce and Services and Finance has raised the vehicle price cap from R$ 150,000 to R$ 200,000 based on the invoice value.

This adjustment is expected to expand the program's reach from 63% to approximately 88% of the Brazilian vehicle market. The new rules also expand eligibility for hybrid vehicles, including models that combine electric motors with alcohol, gasoline, or both. These vehicles are noted for potentially reducing energy consumption by an average of 24%.

The Move Brasil program, which offers up to R$ 30 billion in credit, has seen lower-than-expected adoption. Finance Minister Dario Durigan noted that while public banks like Banco do Brasil and Caixa Econômica Federal are actively participating, private financial institutions have shown less interest. To address this, the government is studying ways to improve data integration with ride-hailing platforms to facilitate income verification and credit risk analysis for drivers.

Entities

BNDES · Banco do Brasil · Brazil · Darío Durigan · Fenabrave · Ministry of Development, Industry, Commerce and Services · Ministry of Finance · Move Brasil

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 3 SOURCES] The MDIC and the Ministry of Finance published a joint ordinance to expand the Move Brasil - Taxi and Apps program. aquiacontece.com.br · dev.tnonline.com.br
  • [● 3 SOURCES] The changes are estimated to expand the program's market reach from 63% to 88% of the Brazilian automotive market. aquiacontece.com.br · dev.tnonline.com.br
  • [● 2 SOURCES] Hybrid vehicles can offer an average energy consumption reduction of approximately 24% compared to conventional versions. aquiacontece.com.br · dev.tnonline.com.br
  • [● 3 SOURCES] The financing ceiling for eligible vehicles was raised from R$ 150,000 to R$ 200,000. aquiacontece.com.br · dev.tnonline.com.br
  • [○ 1 SOURCE] Only 11% of the R$ 30 billion allocated for the Move Brasil program has been released by BNDES.
  • [● 3 SOURCES] The program now includes hybrid vehicles with various energy combinations, including electric motors paired with alcohol, gasoline, or both. aquiacontece.com.br · dev.tnonline.com.br

Sources

about 1 month ago
about 1 month ago