Tokyo Raises EV Subsidy to Maximum 1.3 Million Yen
The subsidy increase brings the effective price of a Tesla Model 3 below 3 million yen for the first time in Tokyo, making EVs more competitive with gasoline cars in the capital.
Reporting from 1 sources: ASCII.jp.
Tokyo has increased its maximum EV purchase subsidy to 1.3 million yen for fiscal year 2026, up 300,000 yen from the previous cap. Combined with national subsidies, a Tesla Model 3 RWD could cost under 3 million yen for qualifying Tokyo residents. The new rates apply to vehicles first registered on or after July 1, 2026.
The Tokyo Metropolitan Government announced on June 24 that the maximum EV purchase subsidy will rise to 1.3 million yen for fiscal 2026, a 300,000 yen increase from the previous 1 million yen cap. PHEV subsidies also increase to 1.15 million yen, up from 850,000 yen. The new rates apply to vehicles first registered or inspected on or after July 1, 2026. Vehicles registered between April 1 and June 30 will receive the old amounts.
Tokyo sets subsidy amounts per automaker and adds extra payments for purchasers who install charging or discharging equipment or renewable energy systems. The base per-manufacturer subsidy rises by 100,000 yen, and a GX-related evaluation subsidy increases by up to 200,000 yen. For a Tesla Model 3 RWD, the national CEV subsidy of 1.27 million yen plus Tokyo's ZEV subsidy of 700,000 yen total 1.97 million yen, bringing the effective price to 3,343,000 yen. With additional conditions like home solar or charging equipment, the total subsidy can reach 2.37 million yen, dropping the effective cost to 2,943,000 yen.
Applications by mail open July 1, 2026 and run through March 31, 2027. Online applications begin in early July 2026, with a temporary suspension for system modifications from July 1 to early July. The subsidy is available to individuals, businesses, and sole proprietors within Tokyo.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.