METI will cut the maximum subsidy for newly registered electric vehicles from ¥1.25m to ¥750,000, a 40% reduction, effective Jan. 1, 2027.

2026-10-21

METI will cut the maximum subsidy for newly registered electric vehicles from ¥1.25m to ¥750,000, a 40% reduction, effective Jan. 1, 2027.