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Japan May Subsidize Hybrid, Electric-Car Buyers, Nikkei Reports

Posted on April 9, 2009
Filed Under Electric Vehicles, Future Speculation, Government | Leave a Comment

japanJapan’s government is considering subsidizing purchases of environmentally friendly cars, the Nikkei newspaper reported today.

The government may offer 200,000 yen ($1,994) to buyers of hybrid or electric vehicles as well as gasoline- and diesel- engine cars that satisfy certain emission standards, the Japanese-language newspaper said without citing anyone. A buyer can get 300,000 yen if they switch from a car that has been used for 13 years or longer, the Nikkei said.

The subsidy will be introduced before summer and remain in place until March 2010, the newspaper reported.

SOURCE: Bloomberg

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