Japan May Ban Sale Of New Gasoline-Powered Vehicles In the Mid-2030s

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Japan May Ban Sale Of New Gasoline-Powered Vehicles by the mid of 2030 in favor of electric or hybrid vehicles, as NHK reported earlier, adding the ministry would finalize a formal target following expert-panel debates as early as the year-end.

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The move would follow Prime Minister Yoshihide Suga’s pledge in October for Japan. Slash carbon emissions to zero on a net basis by 2050 and make the country the 2nd G7 nation. It is to set a deadline for phasing out gasoline-powered vehicles in a little over 2 weeks.

Japan’s industry ministry will map out a plan by the year-end. Chief government spokesman Katsunobu Kato told a news conference on Thursday.

The probability of state interventions to lower carbon emissions is fuelling a technological race among carmakers to build electric vehicles and hybrid gasoline-electric cars that will attract drivers as they switch from gasoline models, particularly in the world’s 2 biggest auto markets, China and the U.S.

Measures already in place in Japan mean Japanese automakers, particularly big ones such as Toyota Motor Corporation with greater research and development resources, could use electric vehicle technology they have already developed.

Nissan Motor’s Co-chief operating officer Ashwani Gupta last month told Reuters his company ready to respond to Britain’s decision to hasten a phase-out date for new petrol and diesel-powered cars and vans by five years to 2030 because it was part of a global trend.

The Japanese industry ministry is considering requiring all new vehicles to be electric, including hybrid vehicles, NHK reported earlier. Adding the ministry would finalize a formal target following expert-panel debates as early as the year-end.

Japanese automobile manufacturers

Japanese automobile manufacturers for now are keeping quiet on what impact those measures could have on their businesses. Toyota, Honda Motors, Nissan, and its alliance partner Mitsubishi Motors Corp declined to comment. In Japan, the share of electric vehicles expected to increase to 55% in 2030. Boston Consulting Group said in a report on prospects for battery-powered cars.

Globally, “the speed of expansion of the share of electric cars will accelerate. It is due to the fact that battery prices are falling more rapidly than previously expected,” Boston Consulting said in the report.

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