According to a study released by the Brazilian Association of Automotive Manufacturers (Anfavea) on September 27, sales of new all-electric or hybrid vehicles in Brazil are expected to surpass internal combustion engine (ICE) vehicles by 2030. Brazil is the eighth-largest vehicle producer and the sixth-largest market globally by domestic sales. The study further indicates that by 2040, over 90% of new vehicle sales in Brazil will be electric or hybrid vehicles, a significant increase from the current 7%. Ch ...