Record investment in the automotive sector: BNDES approves R$ 3,6 billion in 2024.
The figure is the highest since 2018 and reflects a focus on energy transition and job creation in Brazil.
247- The Brazilian automotive sector received a significant investment of R$ 3,6 billion from the National Bank for Economic and Social Development (BNDES) in 2024, as reported by... Folha de S. PaulThis is the largest volume since 2018 and almost double that recorded in 2023.
The amount, which includes financing and credit, was largely distributed to automakers (R$ 2,2 billion) and the auto parts sector (R$ 1,4 billion), indicating a strategy focused on strengthening the production chain. Data adjusted for the Broad National Consumer Price Index (IPCA) reveals that, in the first two years of Lula's (PT) government, the total resources allocated by the bank to the automotive sector reached R$ 5,5 billion. In comparison, the four years of Jair Bolsonaro's (PL) government totaled R$ 5,85 billion, while Michel Temer's (MDB) government allocated R$ 5,7 billion in two years.
The president of BNDES, Aloizio Mercadante, highlighted that the investments reflect a commitment to the modernization of the automotive industry and to sustainability. "While investment in the automotive sector fosters a high value-added production chain, we are also encouraging the production of hybrid and electric cars, contributing decisively to the energy transition and decarbonization."
The Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin (PSB), also highlighted the importance of the Mover program, which promoted investments of R$ 130 billion in the automotive sector in the last two years. According to him, in 2024, the sector registered a 15% growth in new vehicle sales, 11% in production, and the creation of 100 jobs.
These measures will boost the national automotive sector, which is already on the rise. Last year, sales of new, used, and electrified vehicles grew significantly, reaching a record high.
