24 Jul '14, 5pm

Japan To Offer Huge $20,000 Subsidy For Fuel Cell Vehicles

Although it’s taken a few days to filter out to North American media, Japanese Prime Minister Shinzo Abe has confirmed that the country will offer a substantial subsidy for the new hydrogen fuel-cell vehicles being launched in early 2015. “This is the car of a new era because it doesn’t emit any carbon dioxide and it’s environmentally friendly,” Abe said during a news conference. “The government needs to support this.” According to a report from Reuters , Abe will be ready to offer at least two-million yen, or nearly $20,000, in rebates for early adopters. Toyota’s upcoming FCV sedan has already been pegged with a seven-million yen ($69,000) price tag, which is area traditionally served by the company’s luxury brand Lexus. And while Mitsuhisa Kato, executive vice president for Toyota’s R&D arm, said the upcoming sedan would have features and finishes to help justify the hi...

Full article: http://www.hybridcars.com/japan-to-offer-huge-20000-subsi...

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