Shulou(Shulou.com)11/24 Report--

CTOnews.com August 13, according to foreign media fagenwasanni reported that Japan will begin to implement tax relief for domestic electric vehicle (EV) batteries and semiconductors in April 2024. The move aims to enhance economic security and emulate similar industrial policies implemented by the United States and the European Union.

Under the proposed revision of the tax law for fiscal year 2024, the Ministry of economy, Trade and Industry will propose tax cuts for companies involved in manufacturing strategically critical products in Japan, which will be based on the production of batteries and chips. details, including applicable projects, will be finalised by the end of this year.

CTOnews.com noted that the tax credit is in line with the US inflation reduction Act and is also designed to reduce corporate taxes for companies that manufacture key components in the country. Japan revises its tax law every spring, and the ruling coalition reaches a political agreement on the draft tax law and revises it after determining the overall direction in December.

In addition to tax breaks, Japan has also taken measures to ensure the supply chain of strategic goods. The Japanese government has announced billions of dollars in subsidies to chipmakers such as TSMC and Micron to set up production facilities in Japan.

In addition, Japan's Ministry of Land and Transport recently formulated guidelines for installing electric and plug-in special charging piles on public roads, aimed at speeding up the popularization of new energy vehicles in the country and preventing accidents.

The space beside the lane can be used by the charging pile.

In order to avoid long parking, encourage the use of fast charging equipment

The construction of charging piles can not affect the normal passage of pedestrians and non-motor vehicles.

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