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:

Comments

Recommended

During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
How fast can a 2017 Chevrolet Camaro ZL1 actually go? Considering the amount of power lurking underneath its line-laden bonnet, the 2017 Camaro ZL1 is capable of achieving a top...
by - February 23, 2017
As it turned out, we’ll be seeing Toyota’s new super supermini at the 2017 Geneva Motor Show in March. It’s time we all get to meet the new Toyota Yaris...
by - February 23, 2017
Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 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