Volvo Adopts Strategy to Minimize Impact of Price Increase on Electric Cars by Absorbing Part of Import Tax Rate

Written by Paulo Nogueira

Published on 08/12/2023 at 06:35

Divulgação/Volvo – Todos os direitos: CanalTech

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Volvo Electrified Cars In Brazil Will Increase In 2024, But Will Not Apply 100% Of The Government’s Import Tariff.

Until January 2024, electrified cars from Volvo still have a tax exemption for importation, making them more accessible for consumers interested in this technology. However, starting on that date, the situation will change and the prices of these vehicles are expected to rise significantly.

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The Swedish automaker, aware of the impact this measure may have on consumers’ wallets, is seeking alternatives to minimize the price increase. Volvo’s strategy is to adopt its own math to lessen the impact of the tariff set by the government in order not to burden its customers.

Volvo Confirms Price Increase In Brazil

Marcelo Godoy, president of Volvo in Brazil, confirmed that, on average, the cars from the Swedish automaker will be between 5% and 10% more expensive in the country. The percentages will be applied according to the model and the engine.

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Volvo Absorbs Part Of The Tax To Maintain Commercial Objectives In The Country

The president of Volvo emphasized that the brand is absorbing half of the tax (in the case of the EX30) to ‘make it clear to the market what the commercial objectives are in the country’ and, also, to ‘strengthen brand building’ in Brazil.

The other electric models from Volvo, XC40 and C40, will see their prices raised by 10%, as will the brand’s plug-in hybrids, the XC60 and XC90. The increase applied to the duo is also lower than that established by the government for hybrids, which will be 12% starting in January 2024.

Volvo Will Not Follow The Government’s Tariff Table

It is also worth reinforcing that Volvo does not intend to follow the government’s tariff table, which will have new increases in July 2024, July 2025, and July 2026, reaching a peak of 35% for all electrified cars. The Swedish automaker will apply a one-time tariff of 5% or 10% on cars sold in Brazil.

Source: Canal Tech

Volvo Adopts Strategy to Minimize Impact of Price Increase on Electric Cars by Absorbing Part of Import Tax Rate

Volvo Electrified Cars In Brazil Will Increase In 2024, But Will Not Apply 100% Of The Government’s Import Tariff.

Volvo Confirms Price Increase In Brazil

Volvo Absorbs Part Of The Tax To Maintain Commercial Objectives In The Country

Volvo Will Not Follow The Government’s Tariff Table

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Volvo Adopts Strategy to Minimize Impact of Price Increase on Electric Cars by Absorbing Part of Import Tax Rate

Volvo Electrified Cars In Brazil Will Increase In 2024, But Will Not Apply 100% Of The Government’s Import Tariff.

Volvo Confirms Price Increase In Brazil

Volvo Absorbs Part Of The Tax To Maintain Commercial Objectives In The Country

Volvo Will Not Follow The Government’s Tariff Table

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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