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SÃO PAULO – After successive adjournments, the government will announce today the creation of a new development program for the automotive sector, called Route 2030. According to sources close to the discussions, the Announcement will be made in the afternoon of this Thursday
Route 2030 is a long-term plan designed to replace Inovar-Auto, a program that ended in December. The expectations of automakers' executives were replaced immediately, but the finance department team objected to the granting of tax benefits.
As was the case during the five-year term of Inovar-Auto, the new program provided for tax incentives. tax credits through federal tax credits, in exchange for companies' commitment to invest in research and development. In the previous program, benefits ranged from R $ 1.3 billion to R $ 1.5 billion a year
Discussions on the new automotive program began in May 2017 and the findings were due to be announced in August. . With the resistance of the farm, the approval was postponed successively. Earlier this year, Minister Marcos Pereira, the program's main supporter, resigned from the Ministry of Industry, Trade and Services (Mdic).
The finance team initially proposed to replace the tax credits with first At first, the automakers opposed the idea, arguing that to obtain the benefits of this program, the company would need to prove a profit, which was not happening in the industry because of the crisis.
Representatives of the automobile industry involved in the negotiations mobilized in the last days for the Route 2030 to be announced later this week, since, due to the pre-election period, it is postponed again the program could be considered electoral propaganda and could not be announced this year.
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