In order to further promote the development of electric vehicle and semiconductor industries, the Japanese government will follow the example of European and American countries and implement the domestic electric vehicle battery and semiconductor manufacturing production from April 2024.Tax relief policies.
The Japanese government hopes to boost the development of the electric vehicle and semiconductor industries by reducing or exempting revenue from key component production, encouraging more domestic companies to invest in these sectors. Details will be finalized by the end of this year, with implementation expected to begin in April next year.
Prior to this, Japan had announced that it would provide billions of dollars in subsidies to semiconductor companies such as TSMC and Micron to facilitate their establishment of factories in Japan to produce semiconductor products, while also helping to promote the growth of more related industries in Japan.
In order to further promote the development of the electric vehicle industry, the Ministry of Land, Infrastructure, Transport and Tourism of Japan has issued guidelines for the installation of charging stations for electric vehicles and hybrid vehicles on public roads, hoping to accelerate the popularization of new energy vehicles in Japan while avoiding affecting the use of existing transportation and charging resources. These guidelines include the location of charging piles and the encouragement of fast charging designs to avoid long-term occupancy problems. In addition, the installation of charging piles must not affect the normal passage of pedestrians and non-motorized vehicles (such as bicycles).
