Japan has revised its clean energy vehicle subsidy program, cutting support for
BYD Company Limited to 150,000 yen ($936), more than half its previous
350,000–400,000 yen level, according to the Ministry of Economy, Trade and
Industry. The changes, effective from April, prioritize automakers using
domestically produced batteries. Toyota Motor Corporation’s bZ4X retains the
highest subsidy at 1.3 million yen, while Nissan Motor Co., Ltd.’s Ariya will be
reduced to 1 million yen from 2027. Subsidies for imported models from Audi and
Hyundai Motor are also being reduced, while Tesla, Inc. remains eligible for up
to 1.27 million yen. BYD criticized the move as “extremely disappointing.”