To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
The Yomiuri Shimbun file photo The LDP party headquarter
Jiji Press
14:41 JST, December 13, 2022
TOKYO (Jiji Press) — The Japanese government and ruling parties plan to extend the tax break for eco-friendly cars for three years, continuing to cover 70% of all new automobiles, Jiji Press learned Monday.
The move to maintain the reduction of automobile weight tax comes at a time when the auto industry is struggling with an unclear business outlook due to output cuts, triggered by soaring materials prices and semiconductor shortages.
The plan is expected to be included in the ruling camp’s fiscal 2023 tax system reform package to be decided Friday.
