A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Brazil ratchets up electric car fleet

Brazil’s electric vehicle fleet is set to increase 46-fold over the next four years as local energy firms prioritize the development of carbon-free technology.

A study by business consulting firm Frost & Sullivan predicts Brazil will boast 5,700 electric cars by 2017, up from 125 at the end of 2012.

“Brazil ranks as the world’s fourth most important automotive market, with [an] electric vehicle (EV) and supporting infrastructure market that has immense potential for growth if automakers decide to invest in it,” Frost & Sullivan said.

According to the report, the new units will be imported from foreign manufacturers.

Among challenges facing the technology’s expansion in Brazil are high acquisition costs due to stifling taxes and regulations that prohibit private downstream investment.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.