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 . . .