Brazil extends tax‑free electric car imports, slashes prices for Move Brasil fleet

The Brazilian federal government has renewed a zero‑tariff quota for the import of electric and hybrid vehicle kits (SKD and CKD) for six months starting 1 July, allowing up to US$463 million in such imports without import duty. Full‑built electric cars remain subject to the regular 35 % rate. Industry groups, including the National Association of Vehicle Manufacturers (Anfavea) and the São Paulo Industry Federation (Fiesp), criticized the measure, arguing it favors Chinese manufacturers such as BYD and was adopted without consultation with domestic producers.

In a parallel initiative, the Move Brasil program, backed by a R$30 billion credit line announced by President Luiz Inácio Lula da Silva, offers low‑interest financing to app drivers and taxi operators for new vehicles. Fiat responded by cutting the prices of its Fastback models by up to R$60 000 to align with the program, providing additional benefits such as waived registration fees and potential IPVA coverage. The combined policies aim to accelerate the adoption of electric mobility and support professional drivers in Brazil.