The automotive industry's investment in Brazil over the next few years is expected to generate numerous jobs, as well as require the construction or expansion of factories and distribution centers. By 2032, R$ 41.4 billion will be invested in our country.
Recently, Volkswagen announced an additional investment of R$ 9 billion in Brazil until 2028, while General Motors (GM) announced the first phase of the company's new investment plan, with R$ 7 billion applied between 2024 and 2028. New investments may be announced in the following phases of the plan.
Investments until 2032
Most of the new investments are focused on manufacturing hybrid, fully electric, and flex-fuel vehicles. Automakers that have also announced investments in Brazil until 2032 include Great Wall (R$ 10 billion between 2023 and 2032); Renault (R$ 5.1 billion from 2021 to 2027); CAOA (R$ 4.5 billion between 2021 and 2028); BYD (R$ 3 billion from 2024 to 2030); and Nissan (R$ 2.8 billion from 2023 to 2025).
The investments are aligned with the national Green Mobility and Innovation Program (Mover), launched in December, which increases requirements for decarbonizing the automotive fleet and encourages the production of new technologies in mobility and logistics. The program will include minimum recycling limits in vehicle manufacturing and will charge less tax from those who pollute less, creating the Green IPI.
With information from Agência Gov.
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