Japan plans tax breaks for 10 years to boost EV, chip production, report says

The tax breaks will include 400,000 yen ($2,750.28) for each EV, the Nikkei said.

R

By:

Reuters

December 13, 2023 09:52 AM

The Japanese government is planning to offer tax incentives for a decade to boost mass production in five areas including electric vehicle production and semiconductor devices manufacturing, Nikkei Asia reported.

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