Japan to offer at least $19,700 subsidy for fuel-cell vehicles

Article by Christian A., on July 22, 2014

The Japanese government is planning to offer at least JPY2 million ($19,700) in subsidies for fuel-cell vehicles, media reports cite Prime Minister Shinzo Abe as saying. The offer comes as the government and Japanese carmakers join hand to accelerate the introduction of the fuel-cell vehicles.

With the subsidy, buyers of the Toyota FCV – priced at around JPY7 million – would be able to purchase the fuel-cell sedan for just about JPY5 million. Abe has vowed to support the technology through subsidies and by having government agencies purchase such cars.

"This is the car of a new era because it doesn't emit any carbon dioxide and it's environmentally friendly," Abe told reporters. Abe's growth strategy entails promotion of hydrogen energy and fuel-cell cars.

These vehicles use hydrogen as fuel while being powered by electricity derived from cells that combine hydrogen with oxygen. The process emits only water vapor and heat, although some carbon dioxide is released when hydrogen is produced from hydrocarbons.

Honda Motor Co. is set to follow suit, targeting to sell its own fuel-cell vehicle in 2015. Both the Japanese government and industry experts believe the fuel cell technology could take decades be adapted widely partly due the costs of setting up infrastructure of hydrogen fuel stations.

Topics: japan, fuel cell

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries