Cheaper Electric Cars? Bill Could Lower Prices and Revolutionize the Market

Written by Fabio Lucas Carvalho

Published on 17/09/2024 at 16:36

Updated on 17/09/2024 at 16:39

Foto:; BYD

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A New Bill Could Make Electric Cars More Affordable, Revolutionizing the Automotive Market. Find Out How This Change Could Impact the Future of Electric Vehicles

Cheaper Electric Cars? Electric vehicles may become more affordable for Brazilians if Bill 1.853/24, authored by Representative José Medeiros (PL-MT), is approved. The proposal seeks to exempt electric vehicles and those powered by clean energy, as well as agricultural machinery, from the Industrialized Products Tax (IPI).

The intention is to encourage the adoption of technologies that do not emit polluting gases, contributing to environmental preservation.

Currently, the IPI rate for some electric models, such as the BYD Dolphin Mini, reaches 5.27%, which increases the final price of the vehicle. If the bill is approved, the price of this model, for example, could be reduced from R$ 115,800 to R$ 109,697.34. For the PCD audience, which already receives an exemption on part of the ICMS, the price would drop even further, reaching R$ 99,800.

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Bill Progression

Bill 1.853/24 will be analyzed by four committees of the Chamber of Deputies: Agriculture, Livestock, Supply and Rural Development; Environment and Sustainable Development; Finance and Taxation; and Constitution, Justice and Citizenship. Only after passing through these stages can the proposal proceed to a vote in the Senate.

If approved, the project could represent an important advancement in the democratization of electric vehicles in Brazil, making them more accessible and driving the transition to a more sustainable energy matrix.

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Cheaper Electric Cars? Bill Could Lower Prices and Revolutionize the Market

A New Bill Could Make Electric Cars More Affordable, Revolutionizing the Automotive Market. Find Out How This Change Could Impact the Future of Electric Vehicles

Bill Progression

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Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

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