Lula presents requirements for companies to qualify for Mover – News

President Luiz Inácio Lula da Silva participated this Tuesday (26) in the signing ceremony of acts related to the national Green Mobility and Innovation program (Mover), which expands the sustainability requirements of the automotive fleet and stimulates the production of new technologies in the areas of mobility and logistics. On that occasion, an ordinance was signed with the mandatory requirements for the qualification of companies in the automotive sector and the granting of financial credits related to the project, which foresees R$19.3 billion between 2024 and 2028.

Mover provides, among other measures, financial credits for those who invest in research, development and technological production that contribute to the decarbonization of the fleet of cars, buses and trucks. Among other aspects, this first ordinance regulating the program provides for minimum expenditure on research and development, a system for monitoring investments and penalties in case of non-compliance with obligations.

The program was sent by the government to the National Congress via provisional measure. However, after criticism from parliamentarians, the Executive backed down and sent the matter via bill. The program was prepared by the Ministry of Development, Industry, Commerce and Services. The MP that created the measure, in December last year, remains in force until the text is approved by the Legislature, still in accordance with the Planalto.

The text of the PL is identical to that of the MP and provides financial credits for companies to invest in decarbonization and the incentives will be R$3.5 billion in 2024, R$3.8 billion in 2025, R$3.9 billion in 2026, R$4 billion in 2027 and R$4.1 billion in 2028 – totaling R$19.3 billion. In Rota 2030, the old program, the average annual incentive, until 2022, was R$1.7 billion.

Companies that:

• manufacture automotive products in the country;
• have a technological development and production project;
• develop research, innovation or engineering services in the country for the automotive chain;
• are taxed under the real profit regime; It is
• have a research and development cost center and are committed to carrying out mandatory expenditures on research and development.

The qualified company must submit, annually, by July 31st of the subsequent calendar year, a monitoring report. The license will be valid until January 31, 2029, according to the government. Failure to comply with requirements, commitments, conditions and obligations may result in cancellation with retroactive effect or suspension of the company.

Read more: Opinion on Chiquinho Brazão will be to keep him in prison, says rapporteur

The program’s investment projects must:

• identify the products or systems and strategic solutions for mobility and logistics that will be produced, with description and technical characteristics;
• foresee new investments in fixed assets and in research and development; contain physical-financial schedule; It is
• detail the industrial and technological processes that will be carried out;

Furthermore, the processes must involve adding value to the product in the country, present observable differences in the good or service between the processes and imply a change in tariff classification between the first and last process.

Program goals

One of Mover’s goals is to reduce carbon emissions by 50% by 2030. The new program increases mandatory sustainability requirements for new vehicles sold in the country and, among the new features, is the measurement of carbon emissions “from the well to the wheel”, that is, considering the entire cycle of the energy source used. For the long term, it foresees an even broader measurement, known as “from cradle to grave”, which covers all stages of production, use and disposal of the vehicle.

At the ceremony, the government presented the program’s regulatory ordinance, which provides for minimum expenditure on research and development, a system for monitoring investments and penalties in case of non-compliance with obligations.

The texts will define the green IPI rates and the mandatory parameters for the sale of new cars produced in the country or imported, in relation to energy efficiency, vehicle labeling, recyclability and safety (structural performance and driving assistive technologies).

See: Plan to kill Marielle had a trick in geolocation, consultation with Serasa and a towed car, says PF

Check the table of minimum mandatory expenditures in presearch and development x credits:

– cars and light commercial vehicles: 1% (2024), 1.20% (2025), 1.50% (2026), 1.50% (2027), 1.80% (2028) and 1.80% (2029 );
– trucks, buses and chassis with engines: 0.60% (2024), 0.75% (2025), 0.90% (2026), 0.90% (2027), 1% (2028) and 1% ( 2029);

Debentures

At the ceremony, Lula also signed a decree regulating the issuance of “infrastructure debentures” and “incentive debentures”. These mechanisms aim to encourage the execution of essential projects for the country, based on environmental and social commitments. Debentures are credit securities issued by companies that intend to invest in expansion, modernization or growth projects. Companies adopt this practice since, financially, they are more profitable than paying normal interest via bank loans.

“The decree establishes criteria for the framing and monitoring of investment projects considered priority in the area of ​​infrastructure or intensive economic production in research, development and innovation. In this way, initiatives are defined that may have financing driven by the new debentures, which will count with tax incentives”, says Planalto. One of the improvements established by the new decree is the reduction of bureaucracy in access to the financing mechanism, “maintaining the federal government’s capacity to manage the progress of public policy”.

read more