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

SelfStaking · 2026-03-27T02:21:51+00:00

Japan adjusts electric vehicle subsidy policies, leading to market segmentation. In China, BYD's vehicle subsidies remain unchanged, contrasting with local automakers. The EV subsidy cap has been raised to 1.3 million yen, while subsidies for fuel cell vehicles have been reduced. The relevant policies consider future development needs.

SelfStaking

2026-03-27 02:21:51

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In the Japanese auto market, as the Japanese government adjusts the subsidy amounts for purchasing pure electric vehicles (EVs), the situation for companies remains polarized. From China’s BYD (Build Your Dreams), all four models have not seen an increase in subsidies, with a gap of 950,000 yen (about 41,200 RMB) compared to Toyota. Focusing on domestically produced Japanese cars, subsidy amounts have been gradually increased, but importers are expressing doubts about these changes.

The Ministry of Economy, Trade and Industry of Japan has adjusted the maximum amount for the “Clean Energy Vehicle Introduction Promotion Subsidy (CEV subsidy).” The subsidy cap for EVs has increased by 400,000 yen, reaching a maximum of 1.3 million yen (about 56,000 RMB). The subsidy for fuel cell vehicles (FCVs) has been reduced by 1.05 million yen, with a maximum of 1.5 million yen (about 65,000 RMB).

The Ministry of Economy, Trade and Industry of Japan stated regarding the adjustments: “The subsidy amounts from April 2025 have been re-evaluated based on the materials submitted in 2025.” EV subsidies have been applicable since January, and FCV subsidies will be implemented starting in April.

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Japan Economic News Agency and the Financial Times merged in November 2015 to form the same media group. The alliance between the two newspapers, founded in the 19th century in Japan and the UK, is driven by the banner of “high-quality, most powerful economic journalism,” promoting collaboration across a wide range of special features. As part of this effort, articles are now exchanged between the Chinese websites of both newspapers.

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