Tesla price cut fuels doubling of foreign EV sales in Japan
New registrations of imported electric vehicles in Japan more than doubled in 2021, an encouraging sign for the likes of Tesla Inc. in what has been a tough market for foreign EV-makers. Registrations for imported EVs totaled 8,610 last year, up from 3,238 in 2020, Japan Automobile Imported Association said Tuesday. EVs accounted for 3.3% of foreign car registrations in Japan, compared with 1.3% the previous year.
Japan has been relatively slow to embrace EVs, partly due to a lack of charging stations, parking space and sufficient subsidies as the vehicles tend to be more expensive than gasoline cars. Hybrid cars are more popular in the country, where the EV penetration rate is about 1% of the vehicle market.
The landscape is shifting as EVs become more affordable. Tesla cut the price of the long-range version of its Model 3 by 24% nearly 5 million yen ($43,380) last year, driving up demand.
Japan is also getting behind EVs as it aims to achieve carbon neutrality in three decades. In November, the government doubled EV subsidies, including for ultra-small “kei” EVs.
Registrations of imported gasoline hybrids rose to 37,530 units last year from 13,465 in 2020, the association said Tuesday.
Tesla sold a record 70,847 China-made vehicles in Dec -CPCA
TESLA-CHINA/ (UPDATE 3, PIX):UPDATE 3-Tesla sold a record 70,847 China-made vehicles in Dec -CPCA
Reuters Business Jan 11, 2022, 15:54
(Adds analyst quote)
By Sophie Yu and Brenda Goh
BEIJING, Jan 11 (Reuters) - U.S. electric vehicle maker Tesla Inc sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed on Tuesday.
Tesla's December sales, which included 245
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