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Brazil's new incentive program to promote investment in sustainability by the country's auto sector needs to avoid making vehicles more expensive, Volkswagen's head of Brazil Ciro Possobom said. Late last year, the Brazilian government introduced general guidelines for its Mover automotive program, which is set to give tax breaks to automakers that invest in sustainability and establish new obligations to reduce the industry's environmental impact. Earlier this month, Volkswagen announced an additional $1.8 billion to be invested in the country between 2026 and 2028, with a large part of it going towards new vehicles, including hybrids and electric models.

Sao pauloJane merrimanAlberto alerigi jrPeter frontiniAlberto alerigiBrazil ciro possobomCiro possobomElectric vehiclesIncentive program