Brazil Launches R$10 Billion Move Brasil Truck-Financing Program

Overview

• The package combines R$6 billion from the National Treasury with R$4 billion raised by BNDES, including a R$1 billion reserve for autonomous truckers and cooperative members.
• CMN set repayment of up to 60 months with up to six months of grace, barred interest capitalization during the grace period, and capped financing at R$50 million per beneficiary; rates reported at 13%–14% may be backed by the FGI for up to 80% of the loan.
• Financing for new vehicles is limited to nationally manufactured trucks, while semi-new purchases are restricted to autonomous drivers and cooperative members and must meet a 2012-or-newer model year threshold.
• MDIC rules condition access on local content, sustainability and recycling criteria and offer more favorable terms for electric or biomethane trucks.
• Scrappage incentives require the traded-in vehicle to be roadworthy, licensed in 2024 or later, originally registered more than 20 years ago, and accompanied within 180 days by deregistration proof and a dismantler’s invoice; the Finance Ministry says there is no primary fiscal impact as loans are reimbursable without a federal guarantee, though experts warn of fiscal risks.