|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Taxes, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Transport, Transport>Electric Vehicles, Transport>Passenger, Transport>Passenger>Road|
|Agency:||Ministry of Land, Infrastructure, Transport and Tourism (MLIT)|
Tax breaks are available for three automobile taxes: tonnage, acquisition, and ownership. Hybrids, plug-in hybrid electric, electric, fuel cell, clean diesel, and natural gas vehicles qualify for tax breaks. The tax break amount depends on the level of fuel efficiency and type of vehicle. Vehicles with fuel efficiency more than 20 percent higher than the FY2015 standard will receive the maximum tax reduction. The tax break period for tonnage and acquisition taxes was extended in 2015 for two years until 2017.
Eco-car subsidies were available for vehicles meeting FY2015 fuel efficiency standards or exceeded the FY2010 fuel efficiency standard by 25%. As a result of the budget limit being reached, the subsidy scheme was closed in September 2012.
Last modified: Thu, 09 Jun 2016 12:36:59 CEST