Hybrid, electric car sales to outpace rest of the market in Brazil in 2030, study shows [Yahoo! Finance]
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Source: Yahoo! Finance
BY THE NUMBERS The study by the Boston Consulting Group, which Anfavea commissioned, also showed that new fully electric or hybrid car sales could reach over 90% of Brazil's domestic market in 2040, from the current 7%. ADDITIONAL CONTEXT Chinese automakers BYD and GWM, which now import electric cars for sale in Brazil, are among the main players of the local electrified car market and have already announced plans to start manufacturing in the country. Traditional U.S. and European automakers have fallen behind their Chinese rivals in the local EV market, although firms including General Motors and Stellantis have already unveiled plans to launch hybrid-flex vehicles, which can run on 100% ethanol or gasoline alongside batteries, in Brazil. (Reporting by Alberto Alerigi Jr. in Sao Paulo; Writing by Andre Romani; Editing by Alistair Bell) Recommended Stories
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