Each manufacturer has announced their CEV subsidies for fiscal year 2024. This time, we’ve compiled a list of domestically produced EV, PHEV, and FCEV models and grades eligible for subsidies. We hope this information will be helpful when making your purchase.
FY2024 Subsidy for Promoting the Introduction of Clean Energy Vehicles (EV, PHEV, FCEV) (CEV Subsidy)
The CEV subsidy is an abbreviation for the Clean Energy Vehicle Introduction Promotion Subsidy, a subsidy provided by the government when purchasing a vehicle with high environmental performance. Its official name is the “Clean Energy Vehicle Introduction Promotion Project Subsidy.” The purpose of the CEV subsidy is to promote the spread of environmentally friendly vehicles and contribute to measures against global warming and air pollution.
Subsidy budget: 129.1 billion yen
In order to promote the widespread adoption of clean energy vehicles, the FY2033 supplementary budget has been expanded to a subsidy budget of 129.1 billion yen. In order to realize GX in the automotive sector, it is necessary not only to improve vehicle performance, but also to “create an environment in which electric vehicles can be used sustainably.” For this reason, a new calculation method for subsidy amounts will be introduced in the FY2033 supplementary budget. Specifically, the subsidy recipients and amounts will be determined based on a comprehensive evaluation of manufacturers’ efforts based on “the value necessary to realize GX in the automotive sector,” such as vehicle performance, charging infrastructure development, after-sales service systems, and cooperation with local communities in the event of a disaster.
Subsidy amount
The amount of subsidy varies depending on the type of vehicle, fuel efficiency, etc., but for fiscal year 2024 (FY2023 supplementary budget), it is as follows:
| Vehicle type | Subsidy amount |
|---|---|
| Electric vehicles (EVs) | Up to 850,000 yen |
| Light electric vehicle (light EV) | Up to 550,000 yen |
| Plug-in hybrid vehicle (PHEV) | Up to 550,000 yen |
| Fuel Cell Vehicle (FCEV) | Up to 2.55 million yen |
Points to note
- The above is only the upper limit, and the actual subsidy amount will vary depending on the vehicle price, fuel efficiency, etc.
- Applications will close once the budget is reached, so we recommend applying early.
- For more details, please visit the website of the Next Generation Vehicle Promotion Center (NEV).
https://www.cev-pc.or.jp/hojo/pdf/R5ho/R5ho-cev_gaiyou.pdf
FY2024 CEV subsidy amount list for representative vehicle models
Subsidy amount for electric vehicles (EVs) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Toyota bZ4X | G.Z. | 850,000 yen |
| Subaru SOLTERRA | ET-SS・ET-HS | 650,000 yen |
| Lexus UX300e | Version C・L | 850,000 yen |
| Lexus RZ 450e/RZ300e | Version L | 850,000 yen |
| Lexus RZ 450e | First Edition | 680,000 yen |
| Honda Honda e | Advance | 650,000 yen |
| Nissan Ariya | B6, limited, e-4ORCE limited | 850,000 yen |
| Nissan Leaf | S, X, XV Selection 90th Anniversary Model, XV Selection, Urban Chrome, G, NISMO, e+ X 90th Anniversary Model e+ X, e+ Urban Chrome, e+ G, AUTECH, e+ AUTECH |
850,000 yen |
| Nissan Sakura | S, X, G | 550,000 yen |
| Mazda MX-30 EV MODEL | EV・EV Basic Set・EV Highest Set | 650,000 yen |
| Mitsubishi ek Cross EV | P.G.G. Business Package | 550,000 yen |
| Mitsubishi Minicab EV | 2-seater/4-seater | 550,000 yen |
Subsidy amount for plug-in hybrid vehicles (PHEVs) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Toyota Prius PHEV | Z | 550,000 yen |
| Toyota Crown Sport | SPORT RS | 550,000 yen |
| Mitsubishi Eclipse Cross PHEV | M・G・P・ GLImited Edition・BLACK Edition |
550,000 yen |
| Mitsubishi Outlander PHEV | P.G.M. BLACK Edition | 550,000 yen |
| Mazda CX-60 PHEV | S Package・Exclusive Sports, Exclusive Modern・Premium Sports・ Premium Modern |
550,000 yen |
| Mazda MX-30 Rotary-EV | Industrial Classic・ Modern Confidence・ Natural Monotone・Edition R |
550,000 yen |
Subsidy amount for fuel cell vehicles (FCEV) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Toyota Crown | Z | 1,363,000 yen |
| Toyo Mirai | 2.32 million yen | |
| Toyota Mirai | G・G “A package”・G “Executive package”・Z・Z “Executive package”・Z “Advanced Drive”・Z “Executive package Advanced Drive” | 1,453,000 yen |
FY2024 CEV subsidy amount Representative imported and foreign car models list
Subsidy amount for electric vehicles (EVs) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Mercedes-Benz EQA | 250 | 650,000 yen |
| Mercedes-Benz EQB | 250/350 4MATIC | 650,000 yen |
| Mercedes-Benz EQC | 400 4MATIC | 520,000 yen to 650,000 yen |
| Mercedes-Benz EQE | 350+Exclusive | 520,000 yen |
| Mercedes-Benz EQE SUV | 350 4MATIC SUV | 520,000 yen |
| Mercedes-Benz EQS | 450+ Edition 1 | 520,000 yen |
| Mercedes-Benz EQS SUV | 450 4MATIC SUV・ 580 4MATIC SUV Sport |
520,000 yen |
| BMW i4 | i4 eDrive 35 i4 eDrive 40 |
650,000 yen |
| BMW i4 | i4 M50 | 520,000 yen |
| BMW i5 | i5 eDrive40 i5 M60 xDrive |
520,000 yen |
| BMW i7 | i7 eDrive50 i7 M70 xDrive |
520,000 yen |
| BMW iX | iX M60 iX xDrive40 iX xDrive50 |
520,000 yen |
| BMW iX | iX1 xDrive30 iX3 |
650,000 yen |
| Volkswagen ID.4 | Lite | 450,000 yen |
| Volkswagen ID.4 | Pro | 650,000 yen |
| Porsche Taycan | 200,000 yen | |
| Peugeot e208 | Allure GT |
450,000 yen |
| Peugeot e2008 | Allure GT |
450,000 yen |
| Volvo EX30 | Ultra Single Motor Extended Range | 450,000 yen |
| Volvo C40 | Recharge Ultimate Twin Motor | 350,000 yen |
| Volvo C40 | Recharge Ultimate Single Motor Recharge Plus Single Motor |
450,000 yen |
| Volvo XC40 | Recharge Ultimate Twin Motor | 350,000 yen |
| Volvo XC40 | Recharge Ultimate Single Motor Recharge Plus Single Motor |
450,000 yen |
| BYD ATTO3 | 350,000 yen | |
| BYD DOLPHIN (Long Range) | 350,000 yen | |
| Hyundai KONA | Casual | 350,000 yen |
| Hyundai KONA | Voyage Lounge Two-tone Lounge |
450,000 yen |
| Hyundai IONIQ 5 | IONIQ 5 | 350,000 yen |
| Hyundai IONIQ 5 | Voyage Lounge Voyage AWD Lounge AWD Limited Edition Lounge AWD |
450,000 yen |
| Tesla Model 3 | RWD Performance |
650,000 yen |
| Tesla Model 3 | AWD long range | 850,000 yen |
| Tesla Model S | 520,000 yen | |
| Tesla Model X | 520,000 yen | |
| Tesla Model Y | RWD AWD Long range performance |
650,000 yen |
Subsidy amount for plug-in hybrid vehicles (PHEVs) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Mercedes-Benz A 250 e and A 250 e Sedan |
550,000 yen | |
| Mercedes-Benz C 350 e |
GLC 350 e Sport GLC 350 e 4MATIC Coupe GLC 350 e 4MATIC Sports GLC 350 e 4MATIC |
440,000 yen to 550,000 yen |
| Mercedes-Benz E 350 e |
E 350 e Sports E 350 de Sports |
440,000 yen to 550,000 yen |
| Mercedes-Benz S 580 e |
S 580 e 4MATIC Long | 440,000 yen |
| BMW 303e | 550,000 yen | |
| BMW 530e | 440,000 yen to 550,000 yen |
|
| BMW 745e | 200,000 yen | |
| BMW X3 | xDrive 30e | 550,000 yen |
| BMW X5 | xDrive 50e xDrive 45e |
360,000 yen |
| BMW XM | 360,000 yen | |
| Land Rover Discovery Sport |
120,000 yen to 150,000 yen |
|
| Land Rover Range Rover |
120,000 yen | |
| Land Rover Range Rover Evoque |
120,000 yen | |
| Peugeot 308 | GT HYBRID | 550,000 yen |
| Peugeot 308 SW | GT HYBRID | 550,000 yen |
| Peugeot 408 | 550,000 yen | |
| Peugeot 508 | 450,000 yen | |
| Peugeot 3008 | 450,000 yen | |
| Porsche Cayenne | E-Hybrid E-Hybrid Coupe |
200,000 yen |
| Porsche Panamera | E-Hybrid E-Hybrid Sport Turismo E-Hybrid Platinum Edition S E-Hybrid |
200,000 yen |
| Audi A8 | 60 TFSI e quattro L 60 TFSI e quattro |
360,000 yen |
| Alfa Romeo Tonale | Q4 Ti Q4 Veloce Q4 Sunroof Edition |
450,000 yen |
| Jeep Grand Cherokee | 30th Anniversary Edition Limited Summit Reserve |
360,000 yen |
| Jeep Renegade | Upland 4xe Limited 4xe Trailhawk 4xe |
450,000 yen |
| Jeep Wrangler | Unlimited Rubicon | 360,000 yen |
| Citroen C5 Aircross SUV | PLUG-IN-HYBRID Edition Noire MAX PLUG-IN HYBRID PLUG-IN HYBRID |
450,000 yen |
| Citroen C5 X | HYPNOS PLUG-IN HYBRID MAX PLUG-IN HYBRID PLUG-IN HYBRID |
450,000 yen |
| Citroen C5 X | MAX PLUG-IN HYBRID PLUG-IN HYBRID |
550,000 yen |
| DS DS4 | PERFORMANCE LINE E-TENSE RIVOLI E-TENSE Esprit de Voyage E-TENSE |
450,000 yen |
| DS DS7 | RIVOLI E-TENSE Esprit de Voyage E-TENSE OPERA E-TENSE |
450,000 yen |
| DS DS9 | OPERA E-TENSE RIVOLI E-TENSE |
450,000 yen |
| Volvo S60 | Recharge Ultimate T6 AWD plug-in hybrid | 350,000 yen |
| Volvo S90 | Recharge Ultimate T8 AWD plug-in hybrid | 280,000 yen |
| Volvo V60 | Recharge Ultimate T6 AWD plug-in hybrid | 350,000 yen |
| Volvo V90 | Recharge Ultimate T8 AWD Plug-in hybrid | 280,000 yen |
| Volvo XC90 | Recharge Ultimate T6 AWD Plug-in hybrid | 280,000 yen |
| Volvo XC90 | Recharge Ultimate T8 AWD Plug-in hybrid | 280,000 yen |
Subsidy amount for fuel cell vehicles (FCEV) from April 1, 2024
| Car model | grade | Subsidy amount |
|---|---|---|
| Hyundai Nesso | 2.15 million yen |
The CEV subsidy can range from 550,000 yen to a maximum of 2,550,000 yen. This is something you should definitely take advantage of when purchasing. Please note that there are restrictions on the budget amount and period, so be careful.
subsidy
https://www.cev-pc.or.jp/hojo/pdf/R5ho/R5ho_meigaragotojougen_2.pdf
