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Renault to maintain mixed ethanol combustion engines in Brazil

Renault to maintain mixed ethanol combustion engines in Brazil
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Renault to maintain mixed ethanol combustion engines in Brazil

Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully electric vehicles (EVs) need more government support, the head of the French carmaker's Brazil branch said on Friday. "It still pays to invest in combustion in Brazil," top executive Ricardo Gondo said at an event, adding that the industry will need more federal incentives to accelerate its EV transition. Renault is wrapping up a $2 billion reais (over $400 million) investment in the country which includes a new vehicle platform to be produced in its Parana state industrial complex, that would allow the company to produce combustion engines in the facilities and "allow electrification", Gondo said.

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