Tokyo Raises EV Subsidy to 1.3M Yen, Chinese Brands Get Only 100K

The Tokyo Metropolitan Government will raise pure electric vehicle purchase subsidies, with a maximum subsidy of 1.3 million yen (about $8,130) per vehicle. However, tiered OEM subsidies are extremely unfavorable to Chinese brands: BYD receives only 100,000 yen in OEM subsidies, compared to the maximum 1.3 million yen for Toyota and Tesla—a gap of 1.15 million yen.