Brazil increases import tax on batteries at local manufacturer’s request

AI Summary

Brazil has raised the import tax on batteries at the request of local manufacturers, increasing the tariff from 18% to 25%. This adjustment is expected to have implications for the battery supply chain and market dynamics.

The measure raises the import tariff from 18% to 25% for 48V LFP batteries intended for stationary applications in telecommunications and photovoltaic systems of up to 4.8 kW until May 2027, following a request from the domestic industry via LETEC. For other batteries classified as lithium-ion electric accumulators, the reduced rate of 18% remains.