Tokyo EV Subsidies Cut Toyota bZ4X Price to $13,820

Tokyo's government raised EV and hybrid purchase subsidies to 1.3 million yen ($8,160) and 1.15 million yen ($7,220), stackable with national incentives. A Toyota bZ4X, priced at 4.8 million yen ($30,150), can drop to roughly 2.2 million yen ($13,820) with maximum combined discounts. EVs hold just 1.6 percent of Japan's new car market.