Although Hybrid Electric Vehicles (HEVs) are considered eco-friendly cars, these are not eligible for the CEV subsidy program.Īccording to the Japan Automobile Dealers Association (JADA), sales of new electric vehicles in 2020 reached close to 1.4 million. The maximum amount of the CEV subsidies given per vehicle in 2021 is 800,000 Japanese Yen, which is about 7,200 US Dollars. The GOJ is offering to subsidize part of the cost to purchase CEVs, such as Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicle (PHEVs) and Fuel Cell Electric Vehicles (FCEVs). In Japan, eco-friendly cars are called Clean Energy Vehicles, or CEVs, to differentiate from fossil fuel-based vehicles. The Government of Japan (GOJ) recently set a target: by 2035, all new cars sold will be environmentally friendly. Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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