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 some companies thriving while others struggle may continue. Judging by China’s BYD, the subsidy amounts for all four models have not increased, falling short of Toyota by 950,000 yen (about RMB 41,200). Centered on Japanese domestic cars, subsidy amounts have been increased one after another, and industry figures involved with imported cars cannot conceal their doubts.

The Ministry of Economy, Trade and Industry (METI) in Japan has adjusted the maximum 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 1.3 million yen (about RMB 56,000). The fuel cell vehicle (FCV) subsidy has been reduced by 1.05 million yen, with the maximum set at 1.5 million yen (about RMB 65,000).

In response to the relevant adjustments, METI said: “We reassessed the subsidy amounts starting in April 2025, and conducted the evaluation based on the materials submitted in 2025.” EVs have been eligible since after January, while FCVs will begin in April.

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The Nihon Keizai Shimbunsha (Nikkei) and the Financial Times merged into a single media group in November 2015. The alliance formed by two newspaper publishers in Japan and the UK, both founded in the 19th century, is moving forward with broad collaboration, such as joint special features, under the banner of “high-quality, the strongest economic journalism.” In this case, as one part of that effort, article exchanges have been carried out between the two newspapers’ Chinese websites.