March 26, 2019 / 4:00 PM / 9 months ago

VW has no plan to produce electric vehicles in Brazil in next few years

A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch

SAO PAULO (Reuters) - Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America Pablo Di Si told reporters on Tuesday.

Brazil was one of the world’s largest auto markets until a recent economic downturn and remains a significant base for many automakers. The Brazilian market relies heavily on ethanol, a biofuel that receives incentives from the government and which has been embraced by the local auto industry.

Reporting by Marcelo Rochabrun; Editing by Susan Thomas

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