TOKYO -- Japanese oil company Idemitsu Kosan has partnered with race-car manufacturer Tajima Motor to enter the electric vehicle market as early as this year, aiming to deliver autos for as low as 1 million yen ($9,500) as well as car sharing services.
This marks the first time in Japan that a non-automaker has made the jump into electric vehicles since the government announced its goal late last year to have the country's autos go fully electric by the mid-2030s.