$3,500 Nissan: Japan’s subsidies make new EVs cheaper than used ones

Generous government assistance spurs purchases but could distort market The Honda Super-One and the Nissan Sakura electric vehicles are eligible for generous subsidies. (Photos by Honda Motor and Nikkei) TOKYO — Subsidies for electric vehicles provided by the central and Tokyo municipal governments have slashed the effective price of a new Nissan Motor EV to as little as 560,000 yen ($3,450), making it cheaper than buying a used version of the same model.

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