Brazilian government rejects BYD’s request on lowering import tariffs on CKD for EVs

On July 30, it was reported that Brazil’s federal government rejected BYD’s request to reduce import tariffs on CKD for electric vehicles (EVs) and the government decided to advance the implementation of a 35% import duty on electrified vehicles by 18 months.
The new tariff will take effect in January 2027 instead of....

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