Japan Initiates Hydrogen Fuel Subsidies in 6 Priority Regions Including Tokyo and Fukushima
Key Ideas
  • Japan's Ministry of Economy, Trade and Industry to subsidize hydrogen fuel cost for trucks and buses in 6 prefectures.
  • Subsidy of 700 yen per kilogram aims to reduce the price gap with diesel fuel, promoting adoption and cutting carbon emissions.
  • Expected discount of around 21,000 yen per refill for large fuel cell trucks to encourage usage in the transportation sector.
Japan's Ministry of Economy, Trade and Industry has revealed plans to kickstart a program that aims to decrease the price of hydrogen fuel in line with fossil fuels. The initiative will involve subsidizing the fuel cost for hydrogen fuel cell trucks and buses in six priority regions, including Tokyo and Fukushima. The government's hydrogen subsidy of 700 yen per kilogram is expected to bridge the gap between the cost of hydrogen and diesel fuel, making it more attractive for transportation companies to adopt fuel cell vehicles. This move is part of Japan's broader strategy to reduce carbon emissions and promote sustainable transportation solutions. Large fuel cell trucks are estimated to benefit from a discount of approximately 21,000 yen per refill, making the use of hydrogen more economically feasible for businesses in the transportation sector. By incentivizing the adoption of hydrogen fuel technology, Japan is taking a positive step towards mitigating climate change and fostering a more environmentally friendly transportation network.
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