Tesla Draws Largest Share of Japan’s Fiscal 2026 EV Subsidies, Outpacing Honda and Nissan

The Tesla Model Y accounted for the second-highest subsidy total of any vehicle, after Toyota’s bZ4X. (Photo by Risako Kojima)

ITSUKI MIYAKE and SOTA TANAKA

October 9, 2026 07:23 JST

TOKYO — Japan is projected to have consumed approximately 90% of its fiscal 2026 allocation for electric vehicle purchase incentives by September, leaving the program perilously close to its ceiling with six months left until the fiscal year concludes in March.

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