Electric and Hybrid Cars to Dominate Brazil’s Market by 2040
Imagine a future where electric and hybrid cars are the norm on Brazilian roads. A recent study predicts that by 2040, there will be 17.4 million such vehicles in circulation, nearly 44 times more than today's numbers.Key TakeawaysThe number of electric and hybrid cars is expected to increase by a whopping 44 times until 2040.Hybrid vehicles will make up 72% of this new fleet, with ethanol playing an increasingly important role in both light vehicles and heavy transportation.Investments totaling R$25 billion are needed for charging infrastructure alone to support the growth of electric mobility by 2040.The study shows that while hybrid cars will dominate, ethanol remains a key player. Demand could grow up to 2.4 times as both domestic and international markets expand their use in vehicles ...
