SAO BERNARDO DO CAMPO, Brazil - Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America’s protected auto market is likely to resist a broader global move toward electric vehicles for years to come.
“The future of Argentina’s energy is natural gas,” said Cristiano Rattazzi, who heads the country’s unit of Fiat Chrysler Automobiles, as well as its automakers trade group. He added that diesel fuel, out of favor in much of the world, also still has potential in Argentina. “It’s very important that the government supports investments in research and development involving ethanol,” Santana said. “We need to maintain what we already have here.”
“It’s the best solution for our region,” said Celso Simomura, Vice President for Toyota’s Brazil operation.
Trade sanctions now! We only have 12 years to live!
Interesting.
aoc wants to know why every Venezuelan doesn’t own a Tesla
Just like everywhere else, local fuels or no.
Development of technology!!
*obviously affordable