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Japan Time 16:48 21 Nov 2017
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Abe says gov't will offer Y2 mil subsidy for fuel-cell cars

Japan Today -- Jul 21 Japan will offer at least 2 million yen in subsidies for fuel-cell vehicles, Prime Minister Shinzo Abe said according to media, as the government and Japanese carmakers including Toyota Motor Corp join forces to speed up the introduction the vehicles. The subsidy would mean that consumers would pay about 5 million yen for Toyota's fuel-cell sedan, which is set to go on sale by the end of March 2015 and priced at about 7 million yen. Abe, who visited a hydrogen station and test-drove fuel-cell cars on Friday, vowed to back the technology through subsidies and the purchase of the cars by government agencies. Abe's growth strategy promotes the use of hydrogen energy and fuel-cell cars, which use hydrogen as fuel and run on electricity from cells that combine hydrogen with oxygen and emit only water vapor and heat, though some carbon dioxide is emitted when hydrogen is produced from hydrocarbons. Honda Motor Co is also set to start selling its fuel-cell vehicle in 2015.
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