South America rejects shift to electric vehicles choosing instead ethanol and other fuels

In Brazil, Reuters reports that South America continues to look at ethanol as the major fuel of preference, rejecting the development of the electric vehicle market in favor of cane-based fuel. Automobile manufacturers met in Brazil this week to discuss future fuels, opting to still with traditional fuels instead including natural gas as found in Argentina as well as diesel. The Brazilian government recently approved Rota 2030 that encourages car manufacturers to invest in ethanol-based R&D.