Japan intends to make all new cars sold in 2050 either fully electric or hybrid vehicles

Japan intends to make all new cars sold in 2050 either fully electric or hybrid vehicles

According to fresh The Mainichi report, a panel of Japan’s Economic Ministry has declared at a recent meeting that it is targeting a 2050 deadline for all new passenger cars sold in the country to be electrified --- that is, either fully electric or hybrid vehicles.

The Mainichi has revealed that the declaration was made by the panel of Japan’s Economic Ministry at a meeting held on Tuesday. A part of the panel comprises the executives of leading Japanese automakers, including Toyota and Nissan.

The panel has said in its report that Japan’s auto industry players will form a joint venture before March 2019, to unfold a collaborative effort for securing the supplies of cobalt -- one of the main resources for battery manufacturing -- for the future.

In addition, the panel has also announced that its goals for the long-term will also include a 90 percent reduction of greenhouse gas emissions by individual vehicles by 2050 as compared to the emission levels in 2010.

During the recent meeting of the panel, Hiroshige Seko -- Japan's Minister of Economy, Trade, and Industry -- said: “Japan would like to contribute to achieve zero emissions on a global scale by spreading electric vehicles worldwide.”