South America snubs global campaign for electric vehicles, automakers say

President Juscelino Kubitschek greets people from a Romi Isetta in the National Integration Caravan, comprised of Brazilian-made vehicles from various parts of the country

According to executives, subsidies to fuels such as ethanol and natural gas make it difficult to introduce hybrid cars into the local market

Toyota and GM executives talked this week about traditional fuel sources - such as ethanol, natural gas and diesel - and argued that the South American auto market will probably resist the global electric vehicle movement in the coming years.

While automakers restructure their global businesses to focus on electric cars in Europe, Asia and North America, executives who coordinate production in Brazil and Argentina prioritize combustion engines - in part because of the subsidies granted to such fuels.

Read more in Folha de S.Paulo