We know that electric cars can be a great alternative for getting around, they are much quieter and also favor the environment, but import taxes end up preventing it, thinking about it a Brazilian bill was created.
Bill 5308/20 exempts the Tax on Industrialized Products (IPI) imports and outputs of electric or hybrid cars. The project is also entitled to a total reduction to zero of the PIS/Pasep and Cofins rates levied on imports and on gross revenue from sales in the domestic market of electric cars and vehicles of the model.
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Compared to 2019, a 21% drop can be observed referring to 28.421 imported cars.
Deputy launches proposal for zero taxes on electric car imports
The proposal is idealized by Deputy Luiz Nishimori of the (PL-PR), and is being discussed in the Chamber of Deputies. With the measure, he anticipates encouraging demand for electric cars in Brazil, with more affordable prices, zeroing import taxes, and also opening up space for investments in the sector and generating more jobs and income.
It is common knowledge that there is the incidence of import taxes, with variable rates according to the tax classification and commercial agreements. The percentage varies from 2%, in the case of machines, to 35% on textile products, footwear or automobiles, however, imports from Mercosur countries are exempt from tariffs. In other words, without import tax tariffs, this technology would be much more accessible.
“In terms of comparison with cars powered solely by combustion engines, electric cars and other vehicles powered by electricity or hybrids, they are much more efficient, quieter and less polluting,” says Nishimori.
“Although beneficial, the market is still a taboo in the country. The increase in offer occurs mainly among luxury brands – inaccessible to most Brazilians.”
