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Japan's EV Subsidies Nearly Exhausted, Tesla Benefits More Than Honda, Nissan
Japan is on track to exhaust about 90% of its fiscal 2026 budget for electric vehicle purchase subsidies through September, with six months remaining in the year ending March. The Tesla Model Y accounted for the second-highest subsidy total of any vehicle, after Toyota's bZ4X, benefiting more than local automakers Honda and Nissan.
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