And they’re going to be a lot cheaper, too.
Japan says it will replace all gas-powered cars with electric vehicles by 2035 as part of its pledge to go carbon neutral by 2050.
Fully electric vehicles, fuel cells, and hybrids will replace all gas-powered sales. The move is part of its aggressive “green growth strategy,” to reach net-zero carbon emissions before the middle of the century. The pledge is also expected to produce $2 trillion a year in green industries by 2050.
In order to meet its targets, Japan says it’s working to reduce the costs of electric car batteries. It’s targeting a 30 percent price drop to $97 or less per kilowatt-hour before the end of the decade. This will make EVs and hybrid cars about the same as comparable gas-powered vehicles.
Its strategy will also target fuels in marine vessels, replacing them by 2050 with cleaner fuels like hydrogen and ammonia. Japan is home to the world’s fourth-largest fishing industry.
The green growth strategy touches on a number of different sectors, including new housing. Its aim is in tackling 30-50 percent projected increases in electricity demands over the next several decades. Under the proposal, hydrogen consumption would account for 20 million tons of energy by 2050 — about 20 percent of domestic production.
Since the meltdown at Fukushima in 2011 following a 9.0 magnitude earthquake, the country has been slow to restart nuclear power plants. But as part of the new strategy, nuclear will be part of the plan until 2050, including the development of smaller nuclear reactors across the country.