https://www.kenresearch.com/industry-reports/brazil-electric-vehi...

https://www.kenresearch.com/industry-reports/brazil-electric-vehicle-market

Recent Developments:

• • • The Volkswagen aims to make significant gains in South America, Brazil with a major product. By 2027, the company plans to grow by 40% in Brazil, with the region’s largest EV market. i.e., 15 new electric and flex-fuel vehicle models are being expected to launched by 2025 alone.
    • Volkswagen in 2021 announced the creation of a research and development center in Brazil to explore expanding the applications of ethanol and other biofuels in emerging markets, and nearly every carmaker operating in Brazil plans to keep ethanol it its lineup in some form going forward. That will further boost the EV market in future.
    • Moreover, companies like, General Motors, skeptical that ethanol cars have a future in Brazil. The company, has laid out goals to be carbon neutral by 2040, wants to replicate locally its global focus on EVs.
    • EXEED’s launch of new energy vehicles in Brazil in 2023 is a significant step towards promoting sustainability and reducing carbon emissions in the country. The company’s investment around 100 billion yuan in research and development and commitment to infrastructure development will contribute to thegrowth of the electric vehicle marketin Brazil, providing consumers with more sustainable options for transportation.