The Rise of Electric Vehicles in Brazil

Apr 08, 2024

In Q1 2024, Brazil's passenger car imports increased by 46.4%, driven by growing demand for electric vehicles and impending import taxes.

Surging Passenger Car Imports

40% of the imported cars in Brazil originated from China, mainly consisting of electric vehicles and hybrids.

Chinese Dominance

The Brazilian government has implemented import taxes on electric vehicles and hybrids, starting at 10% in January and reaching 35% by July 2026.

Rising Import Taxes

BYD, the Chinese automaker, emerged as the top-selling electric car brand in Brazil, surpassing competitors like Great Wall Motors and Toyota in Q1 2024.

BYD Takes the Lead

In Q1 2024, a total of 36,090 electrified cars were sold in Brazil, with BYD selling 14,939 units, followed by Great Wall Motors and Toyota.

Impressive Sales Figures

BYD is establishing a new manufacturing complex in Brazil with an annual capacity of 150,000 units. It will produce vehicles such as the Dolphin, Song Plus SUV, and Yuan Plus.

Future Manufacturing Plans