Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Japan News/Yomiuri
The Japan News/Yomiuri
Business
The Yomiuri Shimbun

Renewable energy goal for auto industry to be set at 60%

The Economy, Trade and Industry Ministry is aiming to have the auto industry use renewable-sourced electricity for about 60% of its energy consumption by fiscal 2030. The target is based on the revised Law on Rational Use of Energy, which will come into effect next April. The ministry plans to present the target ratio at a soon-to-be-held meeting of experts, with an eye to accelerating corporate efforts to decarbonize the industry.

Automobile manufacturers use large amounts of electricity in such manufacturing processes as pressing automotive parts and assembling vehicles. Currently, a large share of this power is generated from fossil fuels such as coal and natural gas. The ministry plans to set a goal of increasing the share of this electricity generated from nonfossil sources, such as solar and nuclear power, to 59% by fiscal 2030.

The law obligates the 12,000 or so companies that use more than 1,500 kiloliters of crude oil equivalent per year to set their own targets for the ratio of nonfossil energy in their energy mix for fiscal 2030. The ministry will first present the target for the industry, and then encourage companies to take action in line with the target.

Yomiuri Shimbun file photo

Cars are assembled at Toyota Motor Kyushu, Inc.'s plant in Fukuoka Prefecture in November 2021.

Read more from The Japan News at https://japannews.yomiuri.co.jp/

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.