Tesla price cut fuels EV sales in Japan

Imported electric cars are finding increasing number of takers following the Japan government increased subsidies for them.
By : HT Auto Desk
| Updated on: 11 Jan 2022, 09:14 AM
Tesla Model 3 is finding increasing number of takers in Japan.
Tesla Model 3 is finding increasing number of takers in Japan.
Tesla Model 3 is finding increasing number of takers in Japan.
Tesla Model 3 is finding increasing number of takers in Japan.

New registrations of imported electric vehicles in Japan has more than doubled in 2021. One of the reasons behind this is Tesla cars becoming cheaper, reports Bloomberg. The report claims that Tesla cut the price of its long-range version of the Model 3 compact sedan by 24 per cent last year. This made the Tesla Model 3 long-range variant cheaper by 5 million yen in Japan, boosting demand for the car.

(Also Read: Tesla Model 3 owner mines $800 in Crypto per month using the electric car)

Japan has been relatively slow in terms of embracing electric vehicles. The lack of charging stations, parking space and insufficient subsidies have remained the bottlenecks for the growth of EVs in Japan. EVs remain pricier than petrol vehicles in the country. This resulted in foreign EV manufacturers shying away from introducing their electric vehicles in the country. However, with EVs becoming more affordable the demand for these vehicles have been rising in the country.

Similar Cars

Find More Cars
Tesla Model 3 (HT Auto photo)
Tesla Model 3
Electric | Automatic
₹70 - 90 Lakhs* *Expected Price
Tesla Model S (HT Auto photo)
Tesla Model S
Electric | Automatic
₹70 - 1 Cr* *Expected Price
Mercedes-benz V-class (HT Auto photo)
Mercedes-benz V-class
1950 cc | Diesel | Automatic (Torque Converter) | 16.67 kmpl
₹71.1 Lakhs - 1.46 Cr* *Ex-showroom price
Mercedes-benz E-class-all-terrain (HT Auto photo)
Mercedes-benz E-class-all-terrain
1950 cc | Diesel | Automatic | 12.06 kmpl
₹75 - 77.25 Lakhs**Ex-showroom price
Bmw X5 (HT Auto photo)
Bmw X5
2993 cc | Diesel | Automatic (Torque Converter) | 13.38 kmpl
₹75.5 - 90.9 Lakhs**Ex-showroom price
Land Rover Defender (HT Auto photo)
Land Rover Defender
1997 cc | Petrol | Automatic (Torque Converter) | 8.7 kmpl
₹76.57 Lakhs - 1.12 Cr* *Ex-showroom price

Registrations for the imported electric vehicles recorded 8,610 units in 2021, up from 3,238 units in 2020, said Japan Automobile Imported Association on Tuesday. It also said that electric vehicles accounted for 3.3 per cent of foreign car registrations in the country, compared with 1.3 per cent in the previous year.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Hybrid cars on the other hand are more popular in the country, where the EV penetration rate is around one per cent of the vehicle market. Registrations of imported petrol hybrid cars increased to 37,530 units last year from 13,465 in 2020, claims the report.

However, in the last couple of years, electric vehicles are finding an increasing number of takers there. The country aims to achieve carbon neutrality in three decades. Aiming at that, the Japanese government doubled the subsidies for electric vehicles in November 2021. This is helping in ramping up the demand for EVs.

First Published Date: 11 Jan 2022, 09:14 AM IST
Recommended For You
View All

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city