As of 2023, the actual imports of electrically powered work trucks into Brazil stood as a baseline, without specific values provided. Forecasted data from 2024 to 2028 indicates a consistent decline in import values, which suggests a decreasing trend over this period. Specifically, imports are expected to decrease from 2024 to 2028, recording a gradual year-on-year decline in percentage terms.
The year-on-year percentage decrease from 2024 to 2025 is around 7.7%, while from 2025 to 2026 it is approximately 8.2%. The decline continues with around 8.7% from 2026 to 2027 and about 9.4% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period implies an average decline in imports each year.
In the future, watch for trends such as Brazil's evolving policies on electric vehicles, advancements in local production capabilities, and changes in demand driven by sustainability initiatives. These factors may affect the actual future imports of electrically powered work trucks beyond current forecasts.
