Japan intends to phase out gasoline-powered cars in the next 15 years, the Japanese government's strategy for achieving carbon neutrality, released today, says.
To accelerate the spread of electric vehicles, the government intends to more than halve the cost of car batteries by 2030 to ¥ 10,000 or less per kilowatt-hour.
Tokyo also expects to increase its hydrogen consumption to 3 million tonnes by 2030 and about 20 million tonnes by 2050 from 200 tonnes in 2017 in areas such as power generation and transportation.
“The government has set ambitious goals to create a carbon neutral society by 2050,” said Yukari Takamura, a professor at the University of Tokyo. “A clear definition of goals and policy direction in green growth strategies will give companies an incentive to invest in the technologies of the future.”
The Japanese government will offer companies tax incentives and other financial support aimed at additional economic growth of 90 trillion yen (approximately $ 870 billion) per year through green investment and sales by 2030 and 190 trillion yen (approximately 1, $ 8 trillion) by 2050.
Japan also aims to use renewable energy sources "to the greatest extent possible" by 2050, mainly through offshore wind farms, with the benchmark goal of renewables accounting for 50% to 60% of the country's electricity by 2050. up from less than 20% now, while reducing dependence on nuclear power.