According to a report by Reuters, a study released by Brazil's National Association of Motor Vehicle Manufacturers (Anfavea) on September 27 indicates that sales of new pure electric or hybrid vehicles in Brazil are expected to surpass sales of internal combustion engine cars by 2030.
Based on data released by Anfavea earlier this year, Brazil is the eighth largest automobile producer in the world and ranks as the sixth largest automotive market globally when considering domestic sales.
The study also suggests that by 2040, sales of new pure electric or hybrid vehicles could account for over 90% of Brazil's total automotive sales, up from the current figure of 7%.
Chinese automakers BYD and Great Wall Motors are currently exporting and selling electric vehicles in Brazil, making them key players in the country's electric vehicle market. Notably, BYD's sales in Brazil reached 17,291 units last year, while sales in the first half of this year soared to 32,434 units, nearly doubling last year's total. Both BYD and Great Wall Motors have announced plans for localized production in Brazil, indicating their commitment to expanding their presence in the country.
In contrast, traditional American and European automakers have fallen behind their Chinese competitors in Brazil's electric vehicle market. However, companies like General Motors and Stellantis are working to capture market share, planning to launch hybrid flexible fuel vehicles (Hybrid-Flex Vehicles) in Brazil. These vehicles can run on ethanol or gasoline alone or in combination with batteries. This demonstrates the automotive industry's strong adaptability in responding to the unique fuel demands of the Brazilian market.
