Brazilian taxi owners and ride-hailing drivers can now seek subsidized financing to buy new vehicles under a federal program backed by BNDES, the National Bank for Economic and Social Development. The program is designed to renew the fleet used in individual passenger transport while directing demand toward more efficient cars.
Autodata reported that Move Brasil Táxis e Aplicativos took effect on June 19, 2026, and allows eligible drivers to finance new vehicles produced by automakers registered under Mover, Brazil's federal program for greener and more efficient mobility. Diário do Estado de Goiás reported earlier that demand for the credit line had exceeded expectations, citing BNDES president Aloizio Mercadante.
How It Works
Drivers must first register through the federal platform gov.br/movebrasil and authorize the government to check whether they meet the program's requirements. Autodata reported that the eligibility response should arrive within five business days, but approval in the federal registry does not guarantee the loan. The financing remains subject to the credit analysis of the bank chosen by the driver.
For ride-hailing drivers, the reported requirements include an active registration for at least twelve months on the same platform and proof of at least one hundred trips in that period. Taxi owners must have an active license and traffic-agency records, as well as regular tax status. Cooperative drivers may also apply.
The program covers flex-fuel, hybrid and electric vehicles. Autodata reported that more than forty models are eligible, including hatchbacks, sedans, SUVs, pickup trucks and electric cars from brands such as BYD, Chevrolet, Fiat, Honda, Hyundai, Jeep, Nissan, Renault, Toyota and Volkswagen.
Credit Terms
The BNDES line totals up to R$30 billion, according to Autodata. At least R$3 billion is reserved for women and another R$3 billion for taxi owners, although the report says those amounts are minimum allocations rather than hard ceilings if demand from those groups is higher.
The program promises more favorable conditions than conventional market credit, including lower interest, longer repayment terms, a grace period before installments begin and the possibility of financing safety equipment installed in the vehicle. Eligible equipment may include tracking devices, electronic blockers, onboard cameras, dashcams, panic buttons, telemetry systems, door-opening sensors, security film, anti-theft locks, remote monitoring and geolocation devices.
The source reports diverge on some operational details. Autodata says the program finances vehicles of up to R$150,000 and that the government has not published a single interest rate, with final terms depending on bank credit analysis and negotiation. Diário do Estado de Goiás reported a financing limit of up to R$100,000, expected rates starting at 3.5% per month and repayment of up to 60 months, depending on the applicant's profile.
Market Context
Diário do Estado de Goiás reported, based on single-source reporting from Mercadante's comments, that demand for the line was “gigantic” and that banks were offering significant discounts on vehicles linked to the program. The same report placed the initiative in a difficult credit environment, citing a Selic benchmark interest rate of 13.75% a year and consumer delinquency of 5.4% in April.
For drivers, the practical effect will depend less on the headline program than on each bank's approval process. The sources agree that applicants will need documentation and that banks will judge the viability of each loan based on the driver's financial history. Diário do Estado de Goiás also warned that costs such as credit-opening fees and Brazil's IOF financial-operations tax may affect monthly payments.
The program therefore combines industrial policy, consumer credit and environmental goals. It may support automakers and reduce the age of vehicles used by professional drivers, but its reach will depend on whether subsidized conditions survive the bank-level credit checks that still determine who receives financing.