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Electric cars could account for 65% of all vehicles sold in Brazil in 2035

RIO DE JANEIRO, BRAZIL - Up to 65% of cars sold in Brazil in 2035 will be electric, a scenario that will require an investment of at least R$150 (US$28.9) billion over the next 15 years, according to a study released Tuesday (10) by the sector's association.

The multimillion dollar sum will need to be invested in technology and infrastructure for automotive manufacturing, in a joint effort between the sector, fuel and energy producers, and the government, according to the National Association of Automotive Vehicle Manufacturers (ANFAVEA).

This estimate is based on a study conducted by ANFAVEA . . .

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