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Japan gas-seller joins electric car race, seeing an end to oil

Idemitsu venture with Tajima Motor to deliver $9,500 compact this year

Idemitsu displayed a concept model of its EV at the Tokyo Motor show in 2019.

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.

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