IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL5.00▲ 0.62% USD/MXN18.65▼ 0.34% USD/CLP994.76— 0.00% USD/COP3,145▼ 1.32% USD/PEN3.45▲ 0.29% USD/ARS1,529▲ 0.10% USD/UYU40.08▲ 2.99% USD/PYG5,760▲ 3.42% USD/BOB11.78▲ 3.59% USD/DOP61.09▼ 0.02% USD/CRC452.44▲ 2.51% USD/GTQ7.64▲ 3.15% USD/HNL26.87▲ 3.24% USD/NIO36.62— 0.00% USD/VES884.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▲ 2.14% EUR/BRL5.56▼ 1.39% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,082.56 ▲ 0.47% IPSA 10,746.36 ▼ 0.31% IPC MEX 69,879.62 ▼ 0.01% MERVAL 3,017,221 — — COLCAP 2,540.10 ▲ 0.46% BVL PERÚ 57,021.19 ▲ 0.13% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, October 25, 2026

Brazil Business & Economy

Brazil’s Electric Record Depends on How You Count It

By · September 9, 2026 · 4 min read
A BYD electrified vehicle in Brazil
Brazil’s Electric Record Depends on How You Count It

BRAZIL · AUTOS

Key Facts

  • —The record Electrified vehicles took 24.4 percent of Brazilian new-car registrations in August, an all-time high.
  • —The catch That figure covers all electrified vehicles, including mild hybrids that never run on electricity alone.
  • —Pure electric Battery electric vehicles were 27,159 registrations, about 42.6 percent of the electrified total and roughly a tenth of the whole market.
  • —The plug-in number Battery electric plus plug-in hybrid comes to 46,991, or 73.7 percent of the electrified total.
  • —The growth Electrified registrations more than doubled year on year, from 24,755 in August 2025.
  • —The leader BYD took 9.30 percent of the total market and third place overall for the first time.

Runoff · Sunday, 25 October

Brazil Runoff 2026: Lula vs Flávio

Date, polls, debates, odds and how the runoff works, updated every day.

Read our Brazil election 2026 runoff guide →

Brazil runoff polls · Polymarket and Kalshi odds · When results come · Brazil election poll data (CSV)

Prediction markets · who wins the runoff

Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.

Polymarket

Flávio Bolsonaro 79.8% · Lula 20.5% (US$197 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 81% · Lula 20%

As of 25 October, 3:00 am ET (07:00 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

Brazil set an electrified vehicle record in August. Whether it set an electric vehicle record depends entirely on which definition you use.

Electrified vehicles reached 24.4 percent of Brazilian new-car registrations in August 2026, a record. Most of that total is not battery electric.

What the Number Contains

The manufacturers’ association Anfavea puts the August share at 24.4 percent. The consultancy Bright Consulting puts it at 24.3 percent on a total of 63,709 electrified vehicles.

Inside that total, battery electric vehicles were 27,159 units, or 42.6 percent. Plug-in hybrids were 19,832, or 31.1 percent.

Full hybrids were 9,716, or 15.3 percent. Mild hybrids were 6,401, or 10.0 percent, and extended-range vehicles 601.

A mild hybrid never runs on electricity alone. Including it in an electric share is a definitional choice, not a neutral one.

The defensible plug-in number is battery electric plus plug-in hybrid: 46,991 vehicles, 73.7 percent of the electrified total. Pure battery electric is roughly a tenth of the whole market.

The Growth Is Real Either Way

August 2025 saw 24,755 electrified registrations. August 2026 more than doubled that.

Over the first eight months Bright counts 367,500 electrified registrations against 156,700 a year earlier, a rise of 134 percent. Anfavea counts 372,000, up 125.8 percent.

The total market took 275,100 vehicles in August and 1.975 million over eight months, up 18.4 percent.

So electrified vehicles are growing about seven times faster than the market they sit in.

Who Is Selling Them

BYD registered 24,467 vehicles in August, 9.30 percent of the total market and third place overall for the first time. Its year-to-date total of 146,930 already exceeds its full-year 2025 figure of about 112,000.

It holds close to 60 percent of the battery electric segment and has led retail sales for five straight months. Its Dolphin was the top retail model at 5,964 units.

Alexandre Baldy, senior vice president of BYD Brasil, said the evolution presented itself two years ahead of the company’s own planning.

GWM is close behind on growth, up 99.7 percent over eight months against BYD’s 118.6 percent. Its Haval H6 took 6,433 registrations in August, tenth overall.

GWM plays both hybrid formats. In May the Haval H6 plug-in outsold the BYD Song Pro, 4,037 to 3,565.

The Tariff Clock

Brazil’s foreign trade chamber has been raising import duties on electric vehicles in stages.

Semi-knocked-down kits went to 35 percent from 1 July 2026 and are at that level now. Completely-knocked-down kits sit at 14 percent to 31 December 2026, then rise to 35 percent from 1 January 2027.

A zero-tariff quota was renewed for six months from 1 July 2026, covering 463 million dollars of imports.

Anfavea opposed the quota, describing it as a great concern for domestic manufacturers and parts suppliers.

Background: Brazil: Split Payment, the World’s Broadest Instant Tax Collection, Will Only Be Mandatory in 2028.

Background: Fintechs and Digital Banks in Brazil 2026: Market Guide.

Background: Brazil Inflation Rate 2026: IPCA, Selic and What’s Next.

Frequently Asked Questions

What share did electric vehicles take in August?

Electrified vehicles took 24.4 percent, a record. Battery electric alone was about a tenth of the market, at 27,159 registrations.

What counts as electrified?

Battery electric, plug-in hybrid, full hybrid, mild hybrid and extended-range vehicles. Mild hybrids, 10 percent of the total, never run on electricity alone.

Who is leading?

BYD, with 24,467 registrations in August, 9.30 percent of the total market and third place overall for the first time.

What happens to import tariffs?

Semi-knocked-down kits are already at 35 percent. Completely-knocked-down kits rise from 14 to 35 percent on 1 January 2027.

Sources: Anfavea via eixos, Bright Consulting via AutoIndustria, MoveNews, Despachante DOK, Agência Brasil.

RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Free · Any country in the world · Prediction markets
Want prediction market reports on your country?
Pick any country in the world. Your report arrives the moment you confirm, then every Sunday: what the markets say about elections, currencies and policy there, with volumes and plain-English explanations.
Free. We first send you an email to confirm your address, and nothing else arrives until you click its link. You then get your country report right after you confirm, then every Sunday and our free daily briefing for your region. Unsubscribe with one click at any time; see our privacy policy.
The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.