Japan Looks To Subsidies To Shore Up Failing Hybrid Sales

Japan is considering introducing subsidies of up to 300,000 yen ($2,991) for the purchases of gasoline/electricity hybrids and other low emission vehicles to shore up slumping auto demand, the Nikkei business daily said on Saturday.

Measures to promote the use of environment-friendly products such as energy-saving home appliances are expected to be part of a new economic stimulus plan compiled by mid-April, Japanese media had said previously.

The Nikkei said the subsidies under consideration would cover electric and hybrid vehicles as well as regular gasoline- or diesel-engine cars that meet certain emission standards.


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thetruth01 - 4/7/2009 2:56:33 PM

+1 Boost

"Failing Hybrid Sales" another inflammatory 009 headline. How bout all those orders for the new Insight. Failing, I dont think so. The whole industry is slumping.

Joe_Limon - 4/8/2009 1:52:41 AM

+3 Boost

With only about 17000 hybrid sales in North America last year between all the manufacturers I think it would be very safe to say hybrid sales are failing.

Joe_Limon - 4/8/2009 11:01:28 AM

+3 Boost

No, those aren't 17000 toyota's, those are 17,000 toyota's gm's hondas....

crslmn - 4/10/2009 11:50:20 PM

+1 Boost

Ford also makes real hybrids.