Japan EV subsidy: BYD receives 40,000 RMB less than Toyota

In Japan’s auto market, as the Japanese government adjusts the subsidy amounts for purchasing pure electric vehicles (EVs), the situation of businesses facing both extremes may continue. Judging from BYD, none of the four models has had its subsidy amount increased, falling behind Toyota by 950,000 yen (about RMB 41,200). With Japanese-made cars and similar products at the center, subsidy amounts have been increased one after another, and people involved with imported cars can hardly hide their doubts.

The Japanese Ministry of Economy, Trade and Industry has adjusted the upper limit amount for the “Clean Energy Vehicle Introduction and Promotion Subsidy (CEV subsidy).” The EV subsidy cap has been increased by 400,000 yen, up to a maximum of 1.3 million yen (about RMB 56,000). The fuel cell vehicle (FCV) subsidy is reduced by 1.05 million yen, with the maximum lowered to 1.5 million yen (about RMB 65,000).

In response to the relevant adjustments, the Japanese Ministry of Economy, Trade and Industry said: “We re-evaluated the subsidy amounts starting from April 2025, and conducted the assessment based on the materials submitted in 2025.” EVs are already applicable after January, while FCVs will be implemented starting in April.

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The Nihon Keizai Shimbun and the Financial Times merged in November 2015 into the same media group. The alliance formed by the two newspaper companies from Japan and the UK—both founded in the 19th century—is moving forward under the banner of “high-quality, the strongest economic journalism,” promoting collaboration across a wide range of areas, such as jointly produced special features. This time, as one part of that effort, article exchanges have been carried out between the Chinese websites of the two newspapers.