TOKYO -- Japan will double its purchase incentives for electric vehicles to as much as 800,000 yen ($7,000), on par with similar measures in the U.S. and Europe, and subsidize charging infrastructure as Tokyo looks to catch up with other major advanced economies.
The government intends to earmark 37.5 billion yen ($329 million) for the subsidies in a supplementary budget for fiscal 2021, devoting 25 billion yen of that total to purchase incentives for environmentally friendly autos. The subsidies for electric vehicles will be raised to up to 800,000 yen.
