Japan eyes tax break for domestic EV battery, chip production Nikkei

TOKYO, Aug 11 (Reuters) - Japan plans to create tax breaks for domestically-made electric vehicle (EV) batteries and semiconductors from April 2024 to enhance economic security, the Nikkei newspaper reported on Friday. The move would follow similar industrial policies in the United States and European Union aimed at encouraging companies to bring production home from China, and would also facilitate the country’s energy transition. Japan eyes tax break for domestic EV battery, chip production Nikkei comes via ChinaTechNews.com.