Rota 2030 Programme - Law N°13.755/2018
The Rota 2030 programme aims to stimulate investments in the automotive industry towards the development of new technologies, improvements in energy efficiency and safety of the vehicles.
This programme shall run for 15 years and provide tax credits over the next five years estimated to total R 2.1 billion (US$560 million) in 2019 and R 1.5 billion in 2020.
Among other measures, it includes a reduction target of 11% of the average fuel consumption of new vehicles by 2022 compared to 2017 levels.
The bill was approved in Senate and officially published in December 2018.
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