Majuro charging piles and energy storage subsidies

Does public attention play a nexus role in EV and charging piles deployment?

Five policies related to EV charging piles, EV purchase subsidies, commercial land prices, and retail gasoline prices are controlled as exogenous variables in the model. The results indicate that EV and charging piles diffusion do interact, and public attention plays a nexus role in EV and charging piles deployment.

Why is Japan extending subsidies to stand-alone battery storage facilities?

In Japan, the extension of subsidies to stand-alone battery storage facilities affirms the Japanese government's commitment to transition to renewable energy. It is expected that the introduction of stand-alone battery facilities will ease grid related issues and mitigate connection related risks faced by renewable energy projects.

Are charging piles profitable in Japan?

Since 2017, charging pile operations have become profitable, and the private sector has begun to inject capital into this new business. However, Japan relies on subsidies to develop these infrastructures. Among the 30,000 charging piles in Japan, about 20,000 received government subsidies and were constructed from 2013 to 2016.

Does Japan rely on government subsidies to build charging stations?

However, Japan relies on subsidies to develop these infrastructures. Among the 30,000 charging piles in Japan, about 20,000 received government subsidies and were constructed from 2013 to 2016. However, the funding for charging stations in the Japanese economy, trade and industry sectors has decreased.

How much money was awarded per project in FY2024?

Due to the larger average project size, the average amount awarded per project in FY2024 was 1.1 billion yen compared to FY2023’s 356 million. Two projects, one being developed by NTT Anode Energy and another by Renewable Japan, were awarded the maximum 2 billion. Five others secured about a billion yen or more each.

Does Japan have a battery subsidy program?

As Japan works to expand battery storage amid growing solar and wind capacity, METI also runs a similar subsidy scheme at the national level. In FY2024, it awarded 34.6 billion yen to 27 projects. Both programs are expected to continue in FY2025.