Brazilian Government announces Renovar programme to reduce aging truck fleet population
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By Jose Secco - 6th May 2022
Brazil - The Brazilian government, which is located in the Capitol city, Brasília, announced, in the beginning of April, the creation of the “Program to Increase Productivity of the Road Fleet in the Country” (Renovar) when, on April 1, President Jair Bolsonaro signed Provisional Measure 112/2022 creating incentives for the replacement of old vehicles with newer ones.
The programme initially focuses on trucks over 30 years old but may also involve buses and road implements. The idea is that the owners deliver the vehicles to authorized dismantling and recycling points and receive the market value for them.
