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Japan may ban the sale of new gasoline and diesel vehicles by the mid-2030s: Report

Tokyo (Reuters)-The Japanese government is considering discontinuing sales of new gasoline engine vehicles by the mid-2030s, prioritizing hybrid or electric vehicles in line with the global shift from traditional motor vehicles. The public broadcaster NHK reported on Thursday.

The move is the second G7, in which Prime Minister Yoshihide Suga will reduce carbon dioxide emissions to zero by 2050 in October and set a deadline for the phasing out of gasoline vehicles in just over two weeks. It follows the promise to make it a country.

At a press conference, Prime Minister Katsunobu Kato announced that Japan’s Ministry of Industry would formulate a plan by the end of the year.

NHK previously reported that the ministry is considering turning all new cars, including hybrids, into electric vehicles, which will finalize its formal goals as early as the end of the year after discussions by a panel of experts. Then he added.

The Boston Consulting Group said in a report on the outlook for battery-powered vehicles that Japan’s share of electric vehicles is expected to increase to 55% in 2030.

“Battery prices are falling faster than previously expected, which will accelerate the growth of our share of electric vehicles,” Boston Consulting said globally.

The UK will ban the sale of new petrol and diesel vehicles and vans from 2030, five years ahead of the phased abolition date that Prime Minister Boris Johnson called the “Green Revolution.”

Japan, China and South Korea have recently announced a firm goal to reduce net carbon emissions. As a result, companies and banks are pushing for reductions to curb global warming.

Policy and investment over the next few years will be important in paving the way for carbon neutrality, and climate activists and energy conversion strategists all agree.

(Report by Chris Gallagher, Tetsushi Kajimoto, Aaron Sheldrick, edited by Leslie Adler, Christopher Cushing, Simon Cameron-Moore)

(Only the headlines and photos in this report may have been reworked by Business Standard staff. The rest of the content is automatically generated from the syndicate feed.)

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Japan may ban the sale of new gasoline and diesel vehicles by the mid-2030s: Report

Source link Japan may ban the sale of new gasoline and diesel vehicles by the mid-2030s: Report

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