Imported EVs Account for 9% of Foreign Vehicle Sales
13:48 JST, October 16, 2023
Imported electric vehicles accounted for 9% of all domestic imported vehicle sales in the first half of this fiscal year, according to the Japan Automobile Importers Association (JAIA).
The JAIA figures showed total sales of 10,968 EVs for the period, representing a year-on-year rise of 94.5%. Imported EVs are an increasingly familiar sight in Japan, reflecting a rise in the number of different models, and smaller vehicles better suited to Japanese road conditions.
From October 2020 to September this year, the number of EV models available in Japan increased from 20 to 101. Though the association did not disclose model-specific sales figures, it said Volkswagen AG’s ID.4, Audi AG’s Q4 e-tron and other models were popular.
Overseas EV manufacturers are increasingly targeting the Japanese market. China’s BYD Co. — which began selling EVs here in January — plans to increase the number of its Japan-based sales outlets to 60 by the end of the year. Meanwhile, Germany’s Mercedes-Benz Group AG launched a world-first base that deals exclusively in EV sales in Yokohama last year.
With foreign automakers expanding into this country’s market, Japanese automakers only offer a total of around 10 EV models. According to the Japan Automobile Dealers Association, in the first half of this year, 21,317 EVs — excluding minicars — were sold in Japan, accounting for just 1.7% of total vehicle sales.
"Business" POPULAR ARTICLE
-
Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
-
Major Start-Up Support Center Station Ai Opens in Nagoya; ¥15.3 Bil. Facility Built to Bring Together Emerging Companies
-
Japan’s Major Carmakers to Review Production Bases After Trump Win; Mexico Manufactured Vehicles Could be Hit by Tariffs
-
Japan’s Economy Expands Annualised 0.9% in Q3 on Tepid Capex
-
Japan’s Sumitomo Mitsui Offers New Hires Sure Path to U.S., U.K. Branches, with 40% of Bank Revenue Already Coming from Abroad
JN ACCESS RANKING
- Streaming Services Boost Anime Popularity Overseas; Former ‘Geeky’ Interest More Beloved Among Gen Z than 3 Major U.S. Sports
- Malaysia Growing in Popularity as Destination for Studying Abroad; British-style Education Available at Low Cost
- ‘Women Over 30 Would Have Uteruses Removed’; Remarks of CPJ Leader, Novelist Naoki Hyakuta Get Wide Attention
- Japan Business Circle Calls for China Resuming Visa-Free Travel; Keizai Doyukai Visit to Country Marks 1st in 8 Years
- Japanese Sneakers Making their Presence Known with Innovative Designs; Drawing on Retro Inspiration for New Styles