Finance Minister Fernando Haddad.| Photo: Washington Costa/MF.

The Minister of Finance, Fernando Haddad, said on Monday night (3), that owners of very old cars may receive an incentive to change vehicles. He discussed the expansion of the Renovar Program with the vice president and minister of Development, Industry, Commerce and Services, Geraldo Alckmin.

“I discussed with the vice president the possibility of establishing a program that uses the fund of the oil companies and dedicating this fund to the ecological transition through the renewal of the fleet of very old cars, which need to be withdrawn from circulation, through compensation so that the fleet be renovated with respect for the environment,” said Haddad.

According to Haddad, the proposal is already being studied by technicians from the Ministry of Finance. The minister pointed out that the money is separate and will not involve new expenses. “We are going to assemble a small team to study [a proposta] and let’s give him a feedback [o vice-presidente e ministro Alckmin]. The process is fast. It is a resource that is already segregated for this,” she added.

In December last year, the government of former President Jair Bolsonaro regulated the Renovar program by means of a decree. The original program provided for the replacement of trucks, road implements, buses, minibuses, vans and vans that were more than 30 years old, through a fund made up of resources from fuel companies. Now, the current government intends to extend the program to very old cars.