Japan to Extend Eco-Car Tax Cuts While Raising Fuel Efficiency Standards
Government and ruling party aim to prolong tax incentives for environmentally friendly vehicles by two years, while implementing stricter fuel efficiency requirements.
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Terms & Concepts
Eco-Car Tax Cuts: Government tax incentives for purchasing environmentally friendly vehicles, designed to promote lower emissions and energy efficiency.
Fuel Efficiency Standards: Regulations setting minimum performance requirements for vehicles to consume less fuel and produce fewer emissions.