TOKYO, Dec 19 (News On Japan) –
The Ministry of Economy, Trade and Industry introduced that it’ll enhance subsidies for environmentally pleasant automobiles reminiscent of electrical automobiles by 400,000 yen.
Under a revision to the clear vitality car promotion subsidy program, the ministry stated it would elevate the utmost subsidy for EVs by 400,000 yen to a ceiling of 1.3 million yen.
At the identical time, subsidies for gas cell automobiles, or FCVs, will likely be lowered by 1.05 million yen, decreasing the utmost quantity to 1.5 million yen.
The revision comes after the United States identified that Japan’s subsidies for FCVs have been comparatively excessive, with the ministry saying the adjustments have been made to enhance equity amongst totally different car sorts according to agreements reached in Japan-U.S. tariff negotiations.
The new subsidy ranges will apply to automobiles newly registered as new vehicles on or after January 1 subsequent yr.
Source: TBS