Japan mulls subsidies for Tesla’s EV charging stations in tariff talks, TBS says

TOKYO (Reuters) -Japan is considering a plan to offer subsidies for building charging stations for Tesla (NASDAQ:TSLA) electric vehicles in tariff talks with the United States, broadcaster TBS reported on Saturday.

The government currently provides subsidies for installing charging stations for EVs only for the charging standard "CHAdeMO", which originated in Japan, but not for Tesla’s "Supercharger", the report said.

The U.S. Trade Representative (USTR) has raised concerns about this issue and is requesting improvements, TBS said.

Japan is seeking a third round of U.S. trade talks next week and the nation’s top trade negotiator, Ryosei Akazawa, could travel to Washington.

Separately, the Nikkei business daily reported that Japanese negotiators have signalled a willingness to discuss a reduction in U.S. tariffs on Japan, which include 25% on automobile and auto parts and 24% on other goods, rather than pushing Washington to eliminate them completely.

Akazawa has repeatedly said Tokyo wanted full removal of the U.S. tariffs on Japan. The country’s priority has been to win exemptions from U.S. tariffs on automobile and auto parts - the key sector in its export-heavy economy.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.TSLA: A Bull or Bear Market Play?

Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year..In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies.So if TSLA is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Unlock ProPicks now