— Latest update: February 2023—
The Japanese automotive industry represents the core of the Japanese manufacturing sector: 8.3% of the population employed in automotive-related jobs in 2022. The production total in 2021 was 7.85 million units which 2.7% lower than 2020 ,which is a decline for the 3rd year in a row. Furthermore, the investment in equipment by the industry totalled 1.4 trillion yen and R&D expenditures stood at 3.1 trillion yen in 2019.
The automotive sector is now fully aware of the environmental challenge ahead. For this reason, the Government of Japan has been promoting legislative modifications and technological advancement in order to tackle this problem. The future is looking electric.
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