The Strategist

Japan to ban sale of gasoline cars by 2035

12/28/2020 - 03:24

The Japanese authorities have unveiled a green development strategy, according to which the country plans to completely ban the sale of new petrol-powered cars in 15 years' time. Head of Toyota warned that this would collapse the car industry and result in loss of millions of jobs.

Japan's Ministry of Economy, Trade and Industry has unveiled a green development strategy for the next 30 years. Among other issues, it says that the sale of new cars with petrol engines will be banned in the country by mid-2030s.

According to the document, they will be replaced by electric, hybrid and hydrogen-powered cars. For this purpose, the country's authorities intend to reduce the average cost of electric batteries to at least 10,000 yen ($97) per kilowatt-hour by 2030. 

Besides, the strategy notes that Japan will expand use of renewable energy as much as possible: by 2050, the country will get from 50 to 60 percent of electric energy from renewable energy sources, 10 percent will provide power stations using hydrogen and ammonia, and the rest 30-40 percent will come from NPPs. 

Earlier in December, Toyota CEO Akio Toyoda criticised the Japanese government's idea to get rid of petrol-powered cars. He said there was too much hype around electric cars and that a ban on petrol-powered cars would "collapse the current business model of the car industry", leading to the loss of millions of jobs, the WSJ reported.