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Japan Must Rev up EVs Shift or Face Drop in GDP – Electrek

Japan needs to ramp up its production of electric vehicles – or risk a 14% drop in GDP, a Climate Group report has warned, as it lags markets in Europe, China and the US in EV sales


Toyota Motor
The Climate Action group claimed that Toyota had shown 'significant resistance' to the transition to electric vehicles. File photo: AFP.

 

Japan needs to ramp up its production of electric vehicles – or risk a 14% drop in GDP, a Climate Group report has warned, as it is lagging behind markets in Europe, China and the US in domestic EV sales, Electrek reports.

With major car markets planning to reduce use of internal-combustion-engine vehicles in the 2030s and Japan’s reliance on auto manufacturing for a fifth of its exports, it could lose half of its auto exports and 1.7 million jobs, plus a 14% drop in GDP by 2040, the report said, alleging that Toyota had shown significant resistance to the EV transition.

Read the full report: Electrek.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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