Brazilian “Route 2030” Program Foresees R$1 Billion to Develop Automotive Technology

The president of Embrapii, Jorge Almeida Guimarães, said that the choice of projects that will receive the contributions will follow the guidelines that are already used by the company to encourage technological development in the sector.

RIO DE JANEIRO, BRAZIL - The 'Rota 2030' ("Route 2030") Priority Programs were launched on Friday, September 20th, and are an incentive policy for the federal government's automotive sector.

The automakers will be able to invest in technological development at the rate of 2 percent that would be paid on the import of parts without equivalent in Brazil.

The funds collected through the tax exemption will be managed by a management board, which involves representatives from industry and academia. The estimate is that it be investments of R$ 200 (US$50) million per year for five years, totaling about R . . .

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