This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Buyers of Nissan, Toyota EV models to receive higher Japanese subsidies to help consumers' switch

( March 19, 2024, 11:00 GMT | Official Statement) -- MLex Summary: Consumers who buy electric cars from Nissan and Toyota will receive the largest amount of subsidies in Japan, while those who buy some overseas brands such as Chinese automaker BYD will receive less, according to the Ministry of Economy, Trade and Industry. From April, buyers of Nissan’s Rief and Toyota’s bZ4X will receive subsidies of 850,000 yen ($5,700) per unit, while the buyers of Hyundai’s Kona will receive 450,000 yen, Chinese BYD’s Dolphin 350,000 yen, and Jaguar’s I-Pace 120,000 yen, under the new standards for subsidies, which includes automakers’ efforts to furnish recharging facilities, after-service networks and vehicles’ cybersecurity measures. METI, which has earmarked 129 billion yen to help consumers shift from gasoline vehicles to EVs, said it decided the subsidy amounts according to the automakers’ green efforts and each model’s performances — regardless of the nationalities of the auto manufacturers.The statements, in Japanese, are attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections