Japan's EV subsidies benefit Tesla more than Honda, Nissan

What happened: Japan is on track to use about 90% of its fiscal 2026 electric vehicle purchase subsidy budget through September, with six months left in the year ending March. Key numbers: About 90% of the fiscal 2026 EV subsidy budget used through September. The Tesla Model Y had the second-highest subsidy total of any vehicle, after Toyota's bZ4X. Why it matters: The program is near its limit well before the fiscal year ends, and the subsidy totals show Tesla benefiting more than Honda and Nissan.

Japan is on track to use about 90% of its fiscal 2026 electric vehicle purchase subsidy budget through September, with six months left in the year ending March.

The program is near its limit well before the fiscal year ends, and the subsidy totals show Tesla benefiting more than Honda and Nissan.