In January 2026, the Brazilian federal government launched the Move Brazil Program, a credit support initiative totaling approximately USD 2.0 billion. The program aims to support the domestic truck manufacturing industry and stimulate fleet renewal amid a sharp downturn in heavy-duty vehicle demand.
Financing will be provided through BNDES with annual interest rates between 13% and 14%, grace periods of up to six months, and repayment terms of up to five years, capped at approximately USD 10 million per beneficiary. Eligible beneficiaries include independent truck drivers, cooperatives, transport companies, and large fleet operators, with 10% of total funding reserved for independents and cooperatives.
Financing is restricted to new trucks manufactured in Brazil and compliant with Proconve P8 emission standards, as well as used trucks (model year 2012 onward) meeting Proconve P7 requirements and local content criteria. The program will be available for six months and is positioned as a short-term measure to mitigate layoffs and production cuts in the heavy truck segment.
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PSR Analysis. The Move Brazil Program is strengthened by financing rates set below the country’s base interest rate (SELIC), easing credit constraints and prompting previously deferred fleet renewal decisions to advance. With base interest rates expected to decline over the next six months, the program’s temporary nature should be offset by the reduction of the base interest rates. This end result is the increased likelihood of continued order flow and production stabilization. PSR
Fabio Ferraresi is Director, Business Development, South America, for Power Systems Research
