Tesla’s annual sales in Japan nearly triple

Tesla's annual sales in Japan nearly triple

The Japanese government’s pledge to become carbon neutral by 2050 appears to have shifted its earlier focus on protecting the country’s auto industry. It now aims to cut emissions by nearly half from 2013 levels by 2030 and wants to ban the sale of gasoline-fueled cars by the mid-2030s. Meanwhile, the Japanese government is making electric vehicles more affordable for consumers, doubling the subsidy amount to a maximum of 800,000 yen ($7,000) in November. The incentives also make Tesla more affordable. In February last year, Tesla Japan slashed the price of its long-range Model 3 by 24% to around 5 million yen, matching the price cut in the Chinese market.

Tesla is expected to soon announce the start of production at its first European factory, the Berlin Gigafactory, as well as another Gigafactory in the U.S. state of Texas. “As Tesla’s Berlin Gigafactory is about to come online, 2022 will see a large number of Chinese-made Teslas entering Japan, South Korea and India.”