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Jun 19, 2026 Major2
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Brazil launches Move Brasil programme offering reduced-interest financing for app-based and taxi drivers
Brazil's Move Brasil Táxi e Aplicativos programme launched Friday, offering reduced-interest financing (11.5–12.6% annually) for taxi and app-based drivers to purchase sustainable vehicles up to R$150,000 with extended 72-month terms. The federal government-backed initiative aims to modernise the fleet of ride-hailing and taxi services through environmental incentives.
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Quick Facts
Who
Brazilian federal government
What
Launch of Move Brasil Táxi e Aplicativos programme
When
Friday, June 19-20, 2026 (launch date)
Where
Brazil
- Launch of Move Brasil Táxi e Aplicativos programme
- Offering reduced-interest vehicle financing
- Financing for purchase of new sustainable vehicles
- Differentiated interest rates by gender
- Registration via gov.br portal
Brazil's Move Brasil Táxi e Aplicativos programme launched on Friday, offering reduced-interest financing for taxi and ride-hailing drivers to purchase new sustainable vehicles. The initiative allows motorists to finance cars up to R$150,000 (approximately USD 30,000) with extended payment periods and grace periods. Eligible vehicles include flex-fuel, hybrid, electric, and ethanol-powered models from accredited manufacturers including Volkswagen, Fiat, Renault, General Motors, Honda, Hyundai, Nissan, Peugeot, Toyota, BMW, BYD, and GWM.
Interest rates under the programme are differentiated by gender, with 12.6% annual interest for men and 11.5% for women, both significantly below Brazil's benchmark Selic rate. Financing terms extend up to 72 months with the possibility of grace periods to ease cash flow pressures on drivers. The federal government invested R$30 billion in the initiative last month, with total Tesouro Nacional transfers to BNDES reaching R$62.5 billion.
Eligibility requirements vary by driver type. Ride-hailing application drivers must have an active account for at least 12 months and a minimum of 100 completed trips on the same platform. Taxi drivers must maintain active licenses and registrations with transit authorities and be in regular fiscal standing. Cooperative drivers can access financing for up to one vehicle per member. Applicants must complete the registration process through the gov.br portal without submitting physical documents, with approval decisions rendered within five business days via email and WhatsApp notification.
The programme prioritises environmental sustainability by incentivising the purchase of fuel-efficient and low-emission vehicles. Financing must be contracted within 120 days of the programme's announcement, and vehicles must be new rather than used to support fleet modernisation. The initiative forms part of Brazil's broader Move Brasil programme aimed at accelerating the transition to sustainable transportation in the rideshare sector.
Why This Matters
This programme directly impacts Brazil's transportation sector by making sustainable vehicle ownership more affordable for ride-hailing and taxi drivers through government-backed financing. For drivers, it reduces purchasing costs and improves fleet modernisation; for policymakers, it accelerates the transition to cleaner vehicles while supporting economic activity in the gig economy. The gender-differentiated rates and streamlined digital registration process also signal Brazil's commitment to financial inclusion and administrative efficiency.