By Isabel Versiani and Ana Nicolaci da Costa
BRASILIA (Reuters) - Brazilian Finance Minister Guido Mantega confirmed on Tuesday that the government will extend tax breaks to certain vehicles deemed environmentally friendly.
The government will keep a tax break on flex-fuel cars with up to 1-liter engines until the end of March 2010 and extend tax breaks for trucks until June 2010. Flex-fuel cars can run on any mixture of gasoline and ethanol, which emits fewer greenhouse gases.
Taxes on traditional gasoline-run cars will rise from December.
Full story here:http://www.reuters.com/article/environmentNews/idUSTRE5AP31A20091126
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