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yesterday

BYD Records Biggest EV Export to Brazil Ahead of Tariff Surge

Brazil plans to accelerate EV tariff increases to defend domestic automakers against a flood of low-cost Chinese imports

A drone view shows a BYD vessel docking to deliver vehicles at the Itajai port in Santa Catarina, Brazil May 28, 2025. REUTERS/Anderson Cohelo
Image
A drone view shows a BYD vessel docking at the Itajai port in Santa Catarina, Brazil May 28, 2025. REUTERS/Anderson Cohelo
A drone view shows a BYD vessel at the Itajai port in Santa Catarina, Brazil May 28, 2025. REUTERS/Anderson Cohelo

Overview

  • In May, BYD sent 7,300 electric vehicles to Brazil in its largest single export, part of four shipments totaling about 22,000 EVs this year.
  • Brazil’s import tax on EVs has climbed from 10% in January 2024 to 18% currently, and is set to rise to 25% next month and 35% by July 2026.
  • Chinese EVs represent about 90% of Brazil’s electrified vehicle fleet, driven by temporary toll-free quotas expiring in July 2025.
  • Industry groups and unions are pushing to advance the final 35% tariff hike by one year to spur local assembly and protect jobs.
  • Authorities discovered 163 workers in ‘slavery-like’ conditions at BYD’s Camaçari plant construction, triggering a $45.3 million lawsuit and postponing local production.