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The electric and hybrid car revolution in Brazil: Volkswagen receives support from BNDES. Learn about the plans and investments here
The National Bank for Economic and Social Development (BNDES) recently announced financing for Volkswagen do Brasil as part of a innovation strategy and energy transition in the automotive sector. The investment aims to support the manufacture of new hybrid and electric vehicles, in line with Brazilian industrial policy and sustainable mobility objectives.
Investment expansion until 2028
This announcement comes just days after Volkswagen revealed the expansion of its investment plan in Brazil, which now totals R$16 billion through 2028. The new round of BNDES financing is part of the “BNDES Mais Inovação” credit line, with financial conditions tied to the Reference Rate (TR). The focus of this financing is the development of sustainable technologies in the transportation sector, with special attention to hybrid and electric vehicles.
Development of new models and technologies
Among the projects that will receive this funding, the launch of 16 new vehicle models stands out, including a new hybrid Flex engine. Four of these new models will be new to the market and will be able to operate with ethanol, gasoline and electricity simultaneously, promoting integration between the energy sources already available in Brazil and the new global trends in automotive electrification.
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Furthermore, BNDES highlighted that part of the resources will be allocated to studies and research for the development of 100% electric vehicles in the country. The idea is to design a platform for Flex hybrid vehicles that operate with multiple energy sources efficiently, bringing technological and environmental innovation to the Brazilian market.
Workforce training
Another important aspect of the financing is workforce training. With the arrival of new hybrid and electric models, it will be necessary to train professionals to meet the demands of production and maintenance of these high-tech vehicles. This investment in professional training aims to ensure that Brazil is prepared for the transformations in the automotive sector, with workers trained to operate with new technologies.
Alignment with the new industrial policy
BNDES' financing for Volkswagen is directly linked to Brazil's new industrial policy, which seeks to boost innovation and sustainability. The energy transition in the transportation sector, with the popularization of hybrid and electric vehicles, is one of the priorities of this policy, which aims to reduce greenhouse gas emissions and promote the use of clean energy.
Brazil's role in the sustainable automotive industry
The partnership between BNDES and Volkswagen reinforces Brazil's role as a relevant player in the global automotive industry, especially with regard to innovation in sustainable mobility. With its focus on hybrid Flex and electric vehicles, the country can become a reference in the integration of renewable energy sources, such as ethanol, and cutting-edge technologies in the transportation sector.
This movement also contributes to strengthening the Brazilian industry's commitment to carbon reduction targets, something that is becoming increasingly important in a global scenario of environmental concerns and the search for more sustainable alternatives.
BNDES financing for Volkswagen do Brasil represents a significant step towards the modernization of the automotive sector in the country, with positive impacts on the economy, the generation of qualified jobs and the preservation of the environment.
