Brazil has already established a clear policy direction for the biofuels industry and high-capacity transport infrastructure. However, little has been done to develop the electric vehicle (EV) market in the country.
While biofuels face an increasingly dominant position of EVs among major global players, large infrastructure projects related to high-capacity transport modes must deal with the severe and persistent economic crisis in Brazil.
Over the next 15 years, Brazil must treat the EV market as a clear national policy instrument to improve the transport sector’s capacity to deal with economic uncertainty and instability.