Summary
| Honda SUV e:prototype, the first Honda-brand EV in China (Auto Shanghai 2021 motor show) |
This report outlines the policies for electrification and initiatives toward carbon neutrality announced by each of the Japanese automakers at their FY2020 financial results presentations, as well as their comments on semiconductor supply shortages.
Regarding electrification, Toyota has announced a plan to sell 8 million electric vehicles globally in 2030, including a total of 2 million BEVs (battery electric vehicles) and FCEVs (fuel cell electric vehicles). Honda confirmed its plan to "increase the ratio of EVs and FCEVs to 100% by 2040" and how to proceed with this plan, including its organization for development. Nissan plans to promote electrification through a two-pronged approach: EV and e-POWER. Each of the companies also announced and confirmed its plans to focus on developing the necessary technologies or expanding the sales of electric vehicles (EVs) by 2025 or 2030.
Semiconductor supply shortages have become apparent since the second half of FY2020. Each company reports that the situation is still unpredictable. However, due to the procurement system that it established after the Great East Japan Earthquake in 2011, Toyota says that it has not been significantly affected, although it has announced production cuts at some of its plants.
Each company expects to be affected by the shortage of semiconductors in the first half of FY2021, but also expects to be able to recover to some extent in the second half of the year, and has formulated its plan for FY2021 based on this assumption. The second half of this report includes an overview of FY2020 financial results and FY2021 outlook for nine Japanese automobile manufacturers.
Related reports:
Nissan's Craftsmanship Challenge: Innovating Cars through Electrification and Intelligence (May. 2021)
Toyota's EV strategy: “Toyota bZ4X" and "Lexus LF-Z Electrified" announced (Apr. 2021)
Development of Fuel Cell Vehicles (FCVs) and Expansion of Applications (Apr. 2021)
Shortage of Automotive Semiconductors (Mar. 2021)
Honda's EV Strategy: The Honda e in Japan and EU, Self-driving EV development with GM (Nov. 2020)
Local Reconstruction Note
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Announcements and Updates of Each OEM’s Policy for Electrification and Carbon Neutrality
The source outline identifies this section as part of “Japanese OEMs announce and update policies for electrification and carbon neutrality”. Based on the available local metadata, this section should be read through the lens of Decarbonization, Sales Forecast, Commercial Vehicle manufacturers, Japan, Technology Show, Semiconductor and the visible introduction, figures, captions, and tables.
Impact of Semiconductor Supply Shortage: Still Unpredictable
The source outline identifies this section as part of “Japanese OEMs announce and update policies for electrification and carbon neutrality”. Based on the available local metadata, this section should be read through the lens of Decarbonization, Sales Forecast, Commercial Vehicle manufacturers, Japan, Technology Show, Semiconductor and the visible introduction, figures, captions, and tables.
Japanese OEMs' FY2020 Financial Results and FY2021 Forecast
The source outline identifies this section as part of “Japanese OEMs announce and update policies for electrification and carbon neutrality”. Based on the available local metadata, this section should be read through the lens of Decarbonization, Sales Forecast, Commercial Vehicle manufacturers, Japan, Technology Show, Semiconductor and the visible introduction, figures, captions, and tables.
LMC Automotive’s sales forecast: Sales in Japan in 2024 will be 4.95 million units
The source outline identifies this section as part of “Japanese OEMs announce and update policies for electrification and carbon neutrality”. Based on the available local metadata, this section should be read through the lens of Decarbonization, Sales Forecast, Commercial Vehicle manufacturers, Japan, Technology Show, Semiconductor and the visible introduction, figures, captions, and tables.
Related Local Signals
Nearby records in the local archive include Taipei AMPA 2026: Foxconn’s EV Technology; Smart Energy Week 2026: Batteries and Charging; Electrified Vehicle (xEV) Sales Monthly Report (March 2026); Geely i-HEV Intelligent Hybrid Technology Presentation. These titles can be used as adjacent evidence when comparing suppliers, technologies, markets, and reporting periods.