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As of January 2024, electric car prices in Brazil will rise, and this trend will continue until 2026, when they will reach absurd values. Check below how the prices of the best-selling models will be.
Starting in 2024, Brazil will resume charging taxes on electric cars and hybrids. The tax rate will gradually increase, reaching 35% in July 2026.
In summary, this means that the most popular electric cars, such as the BYD Dolphin, which currently costs R$ 149,800 and is among the best-selling hatches in Brazil, will not have as favorable prices as before.
According to the Ministry of Development, Industry, Commerce, and Services, the reintroduction of taxes aims to promote the growth of the national industry, accelerate the transition to vehicles with lower carbon emissions, and boost the country’s industrial revitalization process.
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Starting in January 2024, there will be a 10% increase in taxes on electric cars, followed by an increase to 18% in July of the same year. Subsequently, in July 2025, the rate will rise to 25% and finally reach 35% in July 2026.
Impact of the Tax Increase on Electric Cars in Brazil
The Dolphin, currently the most popular and best-selling electric vehicle in Brazil, will see a significant price increase, going from the current R$ 149,800 to over R$ 200,000 when the full tax rate is applied to 100% electric cars.
The Audi Q8 e-tron, currently the most expensive electric car among the 10 best-selling in the country, will have an exorbitant price increase. The SUV, which costs R$ 646,990 in its base version, will cost R$ 873,436 when the rate of 35% is applied.
Here are the prices of the most popular and best-selling electric cars, updated from January 2024 with projected increases for July 2024, July 2025, and July 2026. Check the current values and price adjustments for models such as BYD Dolphin, BYD Yuan Plus, Volvo XC40, Volvo C40, BMW iX1, Mini Cooper S, Renault.Kwid E-Tech, BYD Tan, Renault.Megane E-Tech, and Audi Q8 e-tron.
| Best-Selling Electric Cars: Prices as of January 2024 | |||||
| Model | Current Price | January/24 (+10%) | July/24 (+18%) | July/25 (+25%) | July/26 (+35%) |
| BYD Dolphin | R$ 149,800 | R$ 164,780 | R$176,764 | R$187,250 | R$ 202,230 |
| BYD Yuan Plus | R$ 269,800 | R$ 296,780 | R$ 318,364 | R$ 337,250 | R$ 364,230 |
| Volvo XC40 | R$ 299,950 | R$ 329,945 | R$ 353,941 | R$ 374,937 | R$ 404,932 |
| Volvo C40 | R$ 314,950 | R$ 346,445 | R$ 371,641 | R$ 393,687 | R$ 425,182 |
| BMW iX1 | R$ 421,950 | R$ 464,145 | R$ 497,901 | R$ 527,437 | R$ 569,632 |
| Mini Cooper S | R$ 243,950 | R$ 268,345 | R$ 287,861 | R$ 304,937 | R$ 329,332 |
| Renault Kwid E-Tech | R$ 123,490 | R$ 135,839 | R$ 145,718 | R$ 154,362 | R$ 166,711 |
| BYD Tan | R$ 529,890 | R$ 582,879 | R$ 625,270 | R$ 662,362 | R$ 715,351 |
| Renault Megane E-Tech | R$ 279,900 | R$ 307,890 | R$ 330,282 | R$ 348,875 | R$ 377,865 |
| Audi Q8 e-tron | R$ 646,990 | R$ 711,579 | R$ 763,448 | R$ 808,737 | R$ 873,436 |
Source: Canal Tech
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