IRACEMAPOLIS, Brazil : Brazil's ability to produce and sell hybrid cars that can run on 100 per cent ethanol is a huge asset for its auto industry as global economies push for decarbonization to tackle climate change, Vice President Geraldo Alckmin told Reuters.
Brazil has one of the world's largest ethanol industries, and most cars in the country can run on 100 per cent biofuel made from sugarcane or corn. Stellantis and Volkswagen are also investing in the technology, in contrast with U.S.-based General Motors and Ford, which have focused on fully electric cars.
"It is very important because it is an industry of cutting-edge technology, with semiconductors and the whole decarbonization area," said the vice president."It has a very long, value-adding chain, so it generates a lot of jobs."