Toyota roars past BYD in Japan EV sales with $6,000 more in subsidies
Electric vehicles
New incentives for vehicles with domestically produced batteries to expand gap
Toyota sells the bZ4X electric vehicle while BYD has rolled out the Seal. (Nikkei photo montage)
SOTA TANAKA and RISAKO KOJIMA
TOKYO — As Japan recorded one of the best quarters in electric vehicle sales from January to March, Toyota Motor pulled far ahead of its Chinese rival BYD thanks to a difference in government purchase subsidies amounting to nearly 1 million yen ($6,270) per car.
