An ordinance published this Wednesday (19) and published in an extra edition of the Official Gazette of the Union (DOU) increased from R$ 150 thousand to R$ 200 thousand the maximum value of cars that can be financed by the Move Brasil program, aimed at app drivers and taxi drivers. The measure also included new types of hybrid vehicles among those eligible. The change comes after the government recognized that adherence to the program is below expectations. On Wednesday, the Minister of Finance, Dario Durigan, stated that public banks have participated more in the operation, while private banks show less appetite. “We are always in contact to understand why, even with the government's guarantee, there has not been the support that we initially expected”, he stated.
Move Brasil: after low demand, government increases credit limit for app drivers to buy cars
An ordinance published this Wednesday (19) and published in an extra edition of the Official Gazette of the Union (DOU) increased from R$ 150 thousand to R$ 200 thousand the maximum value of cars that can be financed by the Move Brasil...
The change comes after the government recognized that adherence to the program is below expectations. On Wednesday, the Minister of Finance, Dario Durigan, stated that public banks have participated more in the operation, while private banks show less appetite.
- “We are always in contact to understand why, even with the government's guarantee, there has not been the support that we initially expected”, he stated.
- According to the government, raising the ceiling increases the program's potential reach in the Brazilian vehicle market from around 63% to 88%, based on 2025 registrations.
Editorial reading aid based only on information contained in this story and its identified source.
According to the government, raising the ceiling increases the program's potential reach in the Brazilian vehicle market from around 63% to 88%, based on 2025 registrations. Move Brasil has up to R$30 billion in credit for taxi drivers and app drivers. - This report is being updated Taxi in São Vice City Hall of São Vicente