Portuguese 
The law that opened up to BRL 30 billion for taxi and ride-share drivers to replace their vehicles also brought a lesser-discussed but more tangible change for those transporting children in vans: elevating platforms, notary fees, and insurance can now be financed within the same vehicle operation.
Law 15,503 was enacted on September 14 and published in the Official Federal Gazette the same day in a special edition. It is the conversion of Provisional Measure 1,366 from 2026.
Article 6 authorizes the federal government to allocate up to BRL 30 billion in reimbursable financing lines.
According to the sanctioned text, this funding has a defined recipient: professionals providing paid individual passenger transport, taxi drivers, and taxi cooperatives.
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School Transportation Enters Through Another Door of the Same Law
Here lies the distinction that often gets lost in a quick reading. The BRL 30 billion from Article 6 does not mention school transportation.
School van drivers appear in Article 8-A, which addresses funding lines supported by the National Fund for Investment in Social Infrastructure, or FIIS.
Thus, there are two funding sources, both aimed at fleet renewal, and one must know which category their activity falls under before approaching a bank.
What Can Be Financed Besides the Vehicle?
Paragraph 13 of Article 8-A lists what the FIIS financing line allows funding alongside the vehicle.
These include accessory costs of the purchase, such as notary fees and property transfer taxes.
Following that, the insurance of the asset and borrower’s insurance, when contracted with the vehicle.
In the financing line described in Article 6, the list is similar and also includes the costs of establishing and registering fiduciary alienation, including notary fees that are usually part of signing the contract.
Additionally, vehicle adaptation items to assist passenger transport professionals with disabilities or to adapt taxis for those using wheelchairs qualify as well.
Anyone who has priced an elevating platform knows the extent of this cost. It’s typically an item that falls outside financing and is paid out-of-pocket, often in installments on a credit card.
Safety Items for Women Drivers Are Also Eligible for Financing
The same paragraph allows for financing safety items aimed at female passenger transport professionals.
Moreover, the National Monetary Council can set differentiated conditions for rates, terms, and grace periods for vehicle acquisition by women.
This provision appears twice in the text, in Article 9 and within Article 8-A, reinforcing the legislator’s intent.
One Vehicle per Beneficiary, Without Exception
Article 12 closes the door on accumulation: access is limited to one vehicle per beneficiary and, for cooperatives, to one per cooperative member.
The resource manager is the Ministry of Finance, and the designated financial agent is BNDES, which may authorize other institutions.
According to the same article, these institutions assume the credit risk of the operations they offer.
The Guarantee Can Cover the Entire Operation
The law also modified the rules of the Guarantee Fund for Operations. The FGO can guarantee up to 100% of the value of each operation.
There is a wallet cap: coverage is limited to 50% of the guaranteed portfolio for each financial institution, as stipulated by the fund’s bylaws.
For self-employed drivers without assets to offer, this is the mechanism that decides whether credit is granted or denied.
Additionally, the law exempts the fees typically owed for guarantees, reducing the final cost of the operation for those taking out loans.
Automakers Need to Qualify and May Have to Offer Discounts
Article 8 assigns the Ministry of Development, Industry, Trade, and Services the responsibility for certifying the manufacturers of eligible vehicles for financing.
It also allows for mandatory countermeasures as a condition for this certification, including the establishment of minimum discounts applicable to the vehicles.
In other words, the discount may arise from regulatory requirements rather than dealership promotions.
Lower Initial Installment is a Planned Option
Article 13 permits financial agents to adopt a variable amortization system, with different initial and final installments.
The idea is to make it affordable for those starting to drive their new car who have not yet restored their income.
Banks must inform the beneficiary of all amortization options, including this one.
For those working per ride or route, a high fixed installment in the first year is precisely the point at which financing often leads to default.
The Same Law Affects the Traffic Code
Article 14 added paragraph 2-A to Article 143 of the Brazilian Traffic Code.
Under the new provision, Class B drivers are authorized to operate electric or hybrid vehicles with predominantly electric traction, weighing up to 4,250 kg.
The previous limit was 3,500 kg, and the change aims to compensate for the weight of batteries. The text notes that any additional criteria defined in Contran regulations still apply.
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What Still Needs to be Done for the Funds to Reach Bank Accounts
The conditions, financial charges, and deadlines will be established by the National Monetary Council, according to paragraph 9 of Article 6.
The eligibility criteria for beneficiaries and eligible items depend on a joint act by the ministries of Finance and Development, Industry, Trade, and Services.
Thus, the law has been in effect since its publication, but the interest rates and the starting date for loan applications have yet to be formalized.
Those Transporting Wheelchair Users are the Most Affected
An adapted school van is costly, and the adaptation alone can strain the budget of a self-employed individual who serves only a few families.
Incorporating an elevator, insurance, and notary services into the same operation alters the math for these professionals more than any advertising campaign for a green fleet.
The full text is available on the Presidency’s portal, including the articles mentioned here.
And you, what do you think: does financing the adaptation along with the vehicle solve the problem for those who transport wheelchair users?
