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

Article by Christian Andrei, 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

Login or Create new account to add a comment!

Recommended

The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
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